Overnight we sall Wall Street rally from open all the way to close with news of stronger-than-expected increase in pending home sales...investor optimism at last which has rubbed off on our local market, 2% higher today at noon. The AUD was also trading higher at noon.
All in all a good day today - much needed after the volatility seen over the last couple of weeks.
Let's hope the reserve bank continues to leave the official interest rate where it is for another couple of months at least.
No comments:
Post a Comment