60-Second Market Round Up 9th February
The S&P/ASX 200 was up by 7 points, to finish the trading day 4,521.40.
However the good ole' USA had another shaky night on the market and our Aussie
market has opened lower this morning.
The Index has lost nearly 9% from its January high. This figure is close enough
to 10% for analysts to accept this as a 'correction'. Basically, when you hear
an analyst mention the word correction, it means the market has run too far too
fast.
The Dow Jones Industrial Average ended the trading session below the psychological important price of 10,000. The Dow finished
at 9,908.39, down by 103 points (1.04%). The index dropped nearly 50 points in
the last 45 minutes of trading.
Overnight in the UK, the FTSE was up by 31 points, closing at 5,092.30.
The Bank of England (BoE) Inflation Report will be released on Wednesday this
week, and will be the main focus of economic data.
