Stock market sell off continues in Oz
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
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!
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.