Author: james Carter
Beware history as the IMF smashes equities with negativity
The ASX 200 followed suit from the global equity markets sell off overnight, closing down 43 points to 5241 after hitting an intraday low of 5210.
Iron Ore has plunged 40% this year, but we still feel BHP will fall another 30%
The ASX 200 had an extremely volatile day; similar to the US market overnight, clawing back most of its losses from earlier in the session, to close 9 points lower at 5284, after trading as low as 5207 intra-day – a fresh 2014 low.
As expected, weakness was seen in the ASX200 today; closing 25 points lower at 5,293 in a low volume traded session. See the recent Hickman Report.
European markets get hammered, but US recovers ahead of employment data, is a low close at hand?
The ASX 200 broke its recent losing streak today, closing 21 points higher at 5,318, mostly led by the banking sector, with ANZ closing 42 c higher at $31.64 and Bank of Queensland (BOQ) closing 21c higher at $12.12.
Please see our Market Video Update 1st October 2014, Banks, ANN and Gold
It was another choppy session today, with the ASX200 closing down 36 points at 5,298, with a range of 51 points.
The polarisation of economies is reflected perfectly by the UK Retailers
Really bullish, there's more to go in the reflation rally
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