Indices: Australian ASX 200
The ASX200 promised so much more than it finally delivered on Monday although it still closed up +0.6%, well above the psychological 6900 area. Both the US S&P500 Futures and local index gyrated around on hopes and fears that China would abandon its damaging Covid Zero policy sooner rather than later. On Friday hope that they were about to reopen their economy…
The ASX200 is set to open up around +1.3% this morning, basically just as it did on the last two Mondays – memo to self don’t go short on Fridays until further notice! This morning’s strong opening is likely to see buying across the board but some influential heavyweight resources are likely to be up in the region of 5-10%, a test of 7100-7200 now feels…
