Yesterday the Australian indexes were very, very low. The trading range went as low as 3710 but rebounded later in the day, to end the trading hours close to 3800.
Later, trading session in the US was as volatile as it got in the recent days and, after a steep fall from 3900 to 3720, the index rebounded from 3720 all the way to 4020. This is the level where the ASX 200 should open today. The jump is quite significant. Some are of the opinion that this is the bargain hunting. Interest rates are expected to go down worldwide. Australian government is considering some kind of liquidity measures to help mutual funds manage their redemptions. Funds are offered APRA supervision and then they might get their customers' deposits guaranteed by the government just as banks do now.
A step closer towards market regulation and stability, as portrayed in a recent article.
Later, trading session in the US was as volatile as it got in the recent days and, after a steep fall from 3900 to 3720, the index rebounded from 3720 all the way to 4020. This is the level where the ASX 200 should open today. The jump is quite significant. Some are of the opinion that this is the bargain hunting. Interest rates are expected to go down worldwide. Australian government is considering some kind of liquidity measures to help mutual funds manage their redemptions. Funds are offered APRA supervision and then they might get their customers' deposits guaranteed by the government just as banks do now.
A step closer towards market regulation and stability, as portrayed in a recent article.
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