Stock market sell off continues in Oz

in #australia • 8 years ago

Australian Financial Review reports...

Renewed selling in the major banks lead a broad sell-off on the ASX, as investors mull uninspiring wage growth and consumer confidence data.

  • Wesfarmers cans the IPO of its Officeworks business, blaming poor equity market conditions.
  • The budget has done nothing to lift consumers' collective mood, Westpac's monthly survey reveals
  • CYBG shares drop sharply after half-year profits
  • Oroton plunges as it issues its second profit warning in five months

I will be sure to report any good news I find too - but not expecting much. Be prepared!

I am... SirKnight

#markets #economics #corporate #shtf
8 years ago in #australia by
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     8 years ago 

    Seems to be in line with what is happening in the US futures trading markets. And gold and silver are trending up after a 2 week beat down!

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     8 years ago 

    I am sorry to hear that your futures are down @garcya but I get the feeling you are out of the market anyway. The reality is that all these markets are hyper-inflated and the bursting of the bubbles is necessary.
    IMO anyway.

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