Market Comment |
Australia |
| The S&P/ASX 200 index jumped 1.45% or 77.042pts to 5380.19 (day range: 5383.2 – 5307) on Wednesday. The index is below its 20d MA (@ 5531) and below its 50d MA (@ 5555). 25% of the index constituents are above their 20D MA (vs 18% the previous session) and 36% of the shares are above their 50D MA (vs 32%).
Australia’s leading index was 97.74 in July vs 97.71 in June, according to the Westpac Banking Corp. and Melbourne Institute. |
Foreign Exchange |
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| The US dollar was mixed against its major counterparts on Wednesday. On the economic data front, MBA Mortgage Applications Rose 3.6% for the week ending August 14 compared to an increase of 0.1% in the week before. CPI increased 0.1% MoM in July, below the 0.2% estimate.
The Euro was higher against all its major pairs except for the Swiss Franc. No major economic news was reported in Europe. The Australian dollar was mixed against its major pairs. |
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