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ASX 200 A.M update

Posted by Billy Macris on 17-Jan-2018 10:54:04

Finally some volatility overnight with the Dow starting some 200 points higher then pushing to more than a 100 point loss overnight before finishing the session down just 10.33 points. Harder hit were the likes of the Dow Jones Transportation Index and the Russell 200 while the biggest mover overnight was bitcoin which pushed towards USD $10,000 overnight on talk of further crackdowns by China in the cryptocurrency space.  Other news surrounding the health of President Trump and potential U.S government shutdowns did little to help markets higher. Locally this morning the ASX is trading lower by 26.20 points or 0.43% at 6022.40. Main movers include BHP -2.91%, GXY -2.82%, ILU -2.68 and the woes contnue for RFG -2.67%. On the positive side of the ledger we have SRX +15.65%, FLT +2.48% and OZl +2.20% following from a strongs earnings announcement. The U.S. Dollar index continues to hold above 90.00, (only just), the Euro is trading at 1.2266 following on from comments out of Europe that the ECb may end its bond buying program later this yeat and the yen continues its push towards 110.00 currently trading at 110.32.

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Topics: Bitcoin, ASX A.M Wrap