XJO opened flat but looks to fall this morning as the global sell-off continues. ASX 200 is down 2.09% this month as fears about China’s economy hurt sentiment.
When did China become an enemy? Why did it become an enemy?
Markets continue to gyrate wildly both abroad and locally…how rising bond yields could push more investors to hedge assets like gold…why central bankers continue to stockpile gold at record rates…and how Asian demand could ensure the long-term outlook for gold prices…
ASX opens 1% lower after global sell-off. US Fed wary of overtightening. Busy earnings day with Telstra, Origin, Domain, Nuix featuring.
XJO opened down, following global markets, as strong retail sales data in the US restoked fears of extended interest rates, while China’s retail numbers showed a struggling economy.
The Aussie dollar hit a 9-month low of 64.55c vs USD overnight as fears of China’s largest property developer defaulting spread to the trust industry.
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