and the S&P index — regarded as one of the best measurements to track the US share market — confirmed it was in aThe US share market closes at 4pm local time, which is 6am AEST — four hours before the Australian share market opens, giving local investors plenty of time to respond before trading kicks off.
And because what happens on Wall Street impacts the Australian share market, local investors also pulled their money from the market when it opened.on why what happens on Wall Street affects the Australia share market.Australia gets also a lot of its capital from overseas"We are also a major commodity exporting nation, so when commodity prices fall the Australian share market falls.That is because miners and banks are the heavyweights on the market.
Prior to 2020, our last recession was in 1991, which was famously dubbed "the recession we had to have" by then-treasurer Paul Keating.
Here is all you need to know.
It is the direct consequence of the insane overreaction by governments to the covid pandemic, pouring container loads of borrowed cash into the economy. Inflation is headed to double digits.
'Confused' 😂👍
True🙄
IMO it’s the traders piling in who set the trends. Investors know if they follow suit they incur an actual loss.
We're going woke and going broke doing it.. Surprise, surprise.
The insiders always know it first. Good luck playing catch. 😙
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Source: FinancialReview - 🏆 2. / 90 Read more »
Source: FinancialReview - 🏆 2. / 90 Read more »