A Monday to give you the blues…
As expected, it was a volatile session on the boards today.
Materials and Tech seemed to have received the short end of the stick.
If you’re feeling cross over the red in your portfolio, the pic below may make you feel a bit better!
The S&P/ASX 200 closed 0.5% lower at 7139.5 points, improving from an opening fall of 1.2%. The index is down nearly 6% so far this month
On Wall Street on Friday the S&P 500 fell by 1.9%, the Dow Jones fell by 1.3%, and the Nasdaq dropped 2.7%. Futures are pointing to some gains tonight, with the Dow Jones mini up 0.6%, S&P500 mini up 0.7%, and Nasdaq mini up 0.8%
Iron ore prices are up 2.8% to $US137.40 a tonne
Brent crude softened by 0.6% to $US87.89 a barrel, while US oil is down 0.5% to $US85.14 a barrel
Bitcoin was down 0.9% to $US34,782.71 on Bitstamp this morning. Spot gold is softer today at $US1,833.21 per ounce