China Drives Market Both Directions
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The Australian Stock Market followed its international counterparts and was sold off from the open this morning. At the lowest point, the ASX 200 was down 94 points. The selloff changed course after China’s PMI showed the manufacturing sector continued to expand which lifted Hong Kong and China’s indexes after last Thursday and Friday’s policy driven sell off.
The selling on the Australian market is across all sectors except the energy sector, which was spared by the firmer crude prices. The materials and financials sectors which carry the strongest weighting on the index are down over 1%, illustrating the direct influence which China’s policy and demand for Australian resources have on equity prices.
Tomorrow, the Reserve Bank of Australia’s meeting tomorrow on the cash rate will have traders watching closely as the AUDUSD pair moves closer to the recent 0.7550 support level. Although the consensus is no cut, it will be interesting to see if the triple bottom support will be able to hold another time.
For further comment from CMC Markets please call 02 8221 2124.
Call 1300 880 160
Start a chat
Schedule a call
