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Market Comment |
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Australia |
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The S&P/ASX 200 index dropped 0.49% or 26.927pts to 5492.55 (day range: 5525.1 – 5492.5) on Friday. The index is above its 20d MA (@ 5477) and above its 50d MA (@ 5442). 56% of the index constituents are above their 20D MA (vs 67% the previous session) and 58% of the shares are above their 50D MA (vs 60%). Australia private sector credit rose 0.5% MoM in April vs +0.4% in Marcvh, according to the Reserve Bank of Australia. |
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