Chanticleer
Battered investors get a breather, but where to next?
After a torrid night on Wall Street, it’s calmer on the ASX and positively giddy in Tokyo, giving investors a chance to consider their next move.
If you strain your ears, you might be able to hear the collective sigh – relief mixed with exhaustion – emanating from fund manager offices and trading desks around the country.
After a frankly frightening night on Wall Street had traders fearing the worst in Australia – for a brief moment on Monday night, traders comically priced in a 25 per cent chance the Reserve Bank could cut interest rates today – there was a much calmer mood in Australia and across Asia this morning.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Equity markets
Fetching latest articles