Afternoon Report Wednesday 24 September 2014
The market had a choppy session as expected today with the ASX200 closing down 40 points at 5376 following significant weakness in Europe and America..
The market was led lower by weakness in the banks and broader financials which accelerated after lunch after the RBA flagged potential action in the form of tighter home loan standards.
The big miners were mixed with BHP closing down 0.74% but RIO was up 0.91% and FMG flat unchanged.
A few more days of choppy price action is likely but do not forget that the current trend remains down.
Sorry for the shortened report today unfortunately Alex had to rush off for a personal emergency.
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