Stock market sell off continues in Oz

sirknight (67)in #australia • 7 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

7 years ago in #australia by sirknight (67)

Sort:

garcya (25) 7 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!

$0.00

1 vote

[-]

sirknight (67) 7 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.

$0.00