Market Comment |
Australia |
| The S&P/ASX 200 index fell 3.81% or 195.065pts to 4918.43 (day range: 5098.8 – 4918.4) on Tuesday. The index is below its 20d MA (@ 5077) and below its 50d MA (@ 5288). 30% of the index constituents are above their 20D MA (vs 61% the previous session) and 26% of the shares are above their 50D MA (vs 37%).
Australia: The ANZ Roy Morgan Consumer Confidence Index declined to 110.6 in the week ended September 27 from 114.5 a week earlier. |
Foreign Exchange |
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| The US dollar fell against most of its major counterparts with the exception of the GBP and CAD on Tuesday. On the economic data front, the Consumer Confidence Index rose to 103 in September from a revised 101.3 in August.
The Euro was mixed, rising against the USD, GBP and CAD while falling against the JPY, CHF and NZD. In Europe, the Conference Board’s Consumer Confidence Index inched up to 103 in September, beating estimates. In Germany, the CPI dropped 0.2% from August, which was a bigger fall than the 0.1% expected. The Australian dollar rose against most of its major pairs with the exception of the CHF and NZD, broadly unchanged against the EUR and JPY. |
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