Mixed Signals Makes Choppy Trading
The mixed signals overnight of higher iron ore and copper prices against a lower gold and oil price have left investors uncertain about the market. This has led to the sell off today in the local market since the open, noting that volumes remain very low, in the last full day of trading this calendar year.
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter your SMS code' }}
A text message with your verification code was just sent to {{user.DayPhone}}
We cannot send you a code via SMS to {{user.DayPhone}}
Hi {{ user.FirstName }}, please provide your mobile number.
{{ content.trialHeading.replace('{0}', user.FirstName) }}
We'll send you a text message with a verification code to start your free {{ '0' == '1' ? 'Eureka Report' : 'Intelligent Investor' }} 15-day trial.
{{ 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 Eureka Report 15-day free trial
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
- Indepth analysis of ASX listed shares
- BUY, Hold and Sell Recommendations
- Ideas Lab
- Special Reports
- Alan Kohler’s Weekend Briefing
- Interviews with CEO’s & top influencers
- Money Cafe and Talking Finance
- Super Advice and Q&A with Ask Alan
The mixed signals overnight of higher iron ore and copper prices against a lower gold and oil price have left investors uncertain about the market. This has led to the sell off today in the local market since the open, noting that volumes remain very low, in the last full day of trading this calendar year.
Gold stocks are among those hardest hit with the precious metal down over 1% overnight. With the intraday recovery in gold, NCM has pushed off its intraday lows, from down over 2% to almost flat.
Also weighing down on the market today is the Healthcare Sector, as profit takers move in on one of the best performing sectors in the market this year. Unsurprisingly, investors locked in profits in heavyweight CSL and COH after both stocks hit their 52 week intraday highs shortly after the open this morning. What remains to be seen is if this sector can reverse today’s losses to finish off strongly in tomorrow’s shortened trading day.
With the US S&P pushing higher each day, local investors will really be eyeing the overnight markets and looking for a positive lead to end the 2014 year.
For further comment from CMC Markets please call 02 8221 2135.
