Plunging commodity prices are likely to drag the Australian share market lower on Tuesday morning, despite a stunning 11th-hour rebound on Wall Street as Twitter agreed to be taken over by billionaire Elon Musk.The Australian dollar fell to a two-month low of 71.76 US cents. That was after a 0.8 per cent drop overnight.
"I think it's just a confidence thing that, hey, there are still people [who] are willing to pay ridiculous valuations for some companies out there," said Dennis Dick, a trader at Bright Trading. European stocks also fell to their lowest point in more than a month on fears of the impact of strict restrictions in China.The S&P 500 gained 0.6 per cent, to 4,297, while the The Dow Jones index rose 0.7 per cent, to 34,063.
Wow, can't wait for interest rates to rise. Haaaaa in 1973. Interest rates were 17•5 % and my 3 month bridging loan was 23•5% .at the time i was bar manager at Golden Trout Hotel at Eildon. My wage $90 a week. Mmmmmmm found plenty part time work and survived. Ahwell now?
No surprised the fake economy can only last for so long without more stimulus,like the government has for the last 4 years 🖕🏽🖕🖕🏼🖕🏻🖕🏾🖕🏿💩🇦🇺
Part of the government plan?