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If any one has any opinions on what happens to the Australian markets after the FED Meeting, please let me know?on edge
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Evening Wrap: ASX 200 edges higher as financials, property and tech stocks lead, worrying China market move drags down commodities
The S&P/ASX 200 closed 21.7 points higher, up 0.27%.
Evening Wrap: ASX 200 edges higher as financials, property and tech stocks lead, worrying China market move drags down commodities
#asx #shares #sharemarket #stocks #stockmarket #fed #rates #uranium #ironore #asxnews What will be the catalyst that will power us to a new high? Perhaps it will be Wednesday's FOMC Meeting where we could get the first interest rate cut in a new rate cutting cycle. 0.25% or 0.50% could be the...www.marketindex.com.au
If the Fed acts as expected then in my view it's likely to be a non-issue for the market.As this is such a well telegraphed event, maybe nothing happens and its business as usual.
If we see a 50bp cut the market will go into free fall in my opinion.It's if the Fed doesn't do what's expected that things will get interesting.
it is all about 'expectations'If any one has any opinions on what happens to the Australian markets after the FED Meeting, please let me know?
I can't see why financials would crash, however you would assume they are near there tops. Resource stocks look to be starting to find a bottom and should start rallying if the economy is starting to rebound due to lower interest rates.
As this is such a well telegraphed event, maybe nothing happens and its business as usual.
For this event I have no idea??????????
FED meets tonight, we'll see how it goes. Personally, it's just another blip and there's nothing to do; short term the reaction will be one way or the other but long-term markets will push on.Tomorrow's trading on the ASX?
Resources bounced hard! Financials went sideways, however definitely didn’t sell off…….,hmmm let’s watch this spaceEconomic calendar (AEST):
- 11:30 am: Australia Unemployment Rate (Aug)
- 9:00 am: UK Interest Rate Decision
Financials been on a roll for some time, the momentum keeps on rolling, up 1.17% last nightResources bounced hard! Financials went sideways, however definitely didn’t sell off…….,hmmm let’s watch this space
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