Business
As it happened: ASX rebound wanes on volatile US futures market – The Sydney Morning Herald
The ASX 200’s rebound from a 10-week low lost momentum as US futures softened. The local bourse closed up 0.5% after being as much as 1.3% ahead
But investor attention soon turned stateside amid a lack of local news and a sliding futures market appeared to hijack proceedings.
The market (was) probably looking back at the US for direction given the fact there hasnt been much in the way of broader economic news today, EY partner and investment banking veteran Duncan Hogg said.
Because of that theres probably a bit of concern that there is a dead cat bounce coming…. My view is that were probably likely to see another drop in the US give…
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