Market Comment |
Australia |
| The S&P/ASX 200 index decreased 0.94% or 47.437pts to 5003.82 (day range: 5051.3 – 4979.2) on Monday. The index is below its 20d MA (@ 5211) and below its 50d MA (@ 5163). 21% of the index constituents are above their 20D MA (vs 28% the previous session) and 44% of the shares are above their 50D MA (vs 53%). |
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| The US dollar was higher against all of its major counterparts on Monday. On the economic data front, the US Empire State manufacturing index came in at -10.74 in Nov from -11.36 in Oct, economists had been expecting -6.50.
The Euro was under pressure against all of its major pairs. In Europe, euro zone consumer prices were up by 0.1% in October, as expected, from +0.2% a month earlier. According to Rightmove, UK house prices fell by 1.3% in November vs a +0.6% increase in October. The Australian dollar was lower against most of its major pairs with the exception of the JPY, NZD and EUR. |
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