Stock Markets| Thoughts on ASX& US Markets

KyleRodda
2022-10-05

This has flattened out quite considerably since yesterday's Info decision. Markets pricing in a peak in interest rates around 3.5% (give or take). It was over 4% last week.$( $AUD)$

Your morning market wrap. Wall Street records its best two days since April 2020. ASX200 is set to extend its rally. $S&P/ASX 200(XJO.AU)$ $NASDAQ(.IXIC)$

Quite a bounce-off support here for the ASX200. $S&P/ASX 200(XJO.AU)$

"Continued monetary tightening". Reserve Bank of NZ hikes by 50 basis points as expected. $NZD/AUD(NZDAUD.FOREX)$

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