Indices: Australian ASX 200
The ASX200 was hammered -1.5% yesterday afternoon on broad-based selling following the BOJ’s move, not the commentary of the typical “Christmas Rally” but overnight US futures reversed their losses suffered during our day’s session sending the local SPI Futures into reverse, the ASX200 is set to open up +0.8% this morning, initially recouping around half of yesterday’s losses in the process.
The ASX200 put in a valiant effort yesterday considering Friday’s weakness on Wall Street, for much of the session it actually felt like we were witnessing the dawn of another “Christmas Rally” before the index ultimately closed down just -0.2% with the Real Estate Sector falling -1.1% the weakest link. Conversely, the Energy Sector again rallied solidly…
