Australian Politics Forum - Share market crash this morning.

Bias_2012

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Re: Share market crash this morning.
Reply #45 - Aug 10^th, 2024 at 11:56am

Sophia wrote on Aug 10^th, 2024 at 11:02am:

1 AUD = 0.515241 GBP

Interesting that Tues -Fri is the timescale to watch for.
Be interesting to see next week’s values.

The Aussie dollar won't change much. Investors need to have faith in governments to allow investment. The AU$ will stay where it is until we stop dillydallying around with renewables and EV transportation

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freediver

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Re: Share market crash this morning.
Reply #46 - Aug 10^th, 2024 at 12:06pm

Bias_2012 wrote on Aug 10^th, 2024 at 11:56am:

Sophia wrote on Aug 10^th, 2024 at 11:02am:

1 AUD = 0.515241 GBP

Interesting that Tues -Fri is the timescale to watch for.
Be interesting to see next week’s values.

The Aussie dollar won't change much. Investors need to have faith in governments to allow investment. The AU$ will stay where it is until we stop dillydallying around with renewables and EV transportation

The coalition's refusal to choose a path to keeping it's climate change commitments has caused a huge loss of faith in investors, leading to chronic underinvestment in energy infrastructure and skyrocketing electricity prices.

Under Labor and the Greens, the country had settled on the cheapest, most economically efficient way to reduce GHG emissions. The coalition turned that on its head, and chaos has reigned ever since. The latest incompetent blunder towards nuclear has eroded that faith even further.

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Bobby. Gold Member Offline Australian Politics Posts: 112860 Melbourne Gender:	Re: Share market crash this morning. Reply #47 - Aug 10^th, 2024 at 12:27pm Wall Street open and OK - DOW at +0.13% https://edition.cnn.com/markets?utm_source=hp
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Sophia Gold Member Offline Posts: 9139	Re: Share market crash this morning. Reply #48 - Aug 12^th, 2024 at 2:24pm Well… according to internet, our AU is worth .51 Uk Today… I went to enquire at Travelex today and was told it’s worth .48 I said it shows about .51 on the internet. She told me…that’s wholesale price So where is the true worth and how can I get its better true worth?
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freediver

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Re: Share market crash this morning.
Reply #49 - Aug 12^th, 2024 at 5:08pm

Sophia wrote on Aug 12^th, 2024 at 2:24pm:

Well… according to internet, our AU is worth .51 Uk Today…

I went to enquire at Travelex today and was told it’s worth .48
I said it shows about .51 on the internet.
She told me…that’s wholesale price Huh

So where is the true worth and how can I get its better true worth?

Just use your credit card to make purchases when you are over there. An added benefit is there is less risk of it being stolen. You don't want to be travelling with big wads of cash if you can avoid it.

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Sophia

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Re: Share market crash this morning.
Reply #50 - Aug 12^th, 2024 at 6:37pm

freediver wrote on Aug 12^th, 2024 at 5:08pm:

Sophia wrote on Aug 12^th, 2024 at 2:24pm:

Well… according to internet, our AU is worth .51 Uk Today…

I went to enquire at Travelex today and was told it’s worth .48
I said it shows about .51 on the internet.
She told me…that’s wholesale price Huh

So where is the true worth and how can I get its better true worth?

Just use your credit card to make purchases when you are over there. An added benefit is there is less risk of it being stolen. You don't want to be travelling with big wads of cash if you can avoid it.

It’s actually Aussie money I will be putting on a Travelex debit card with a limited amount to use rather than my own credit card which has too much to lose if it’s scammed.
I’m only having a little cash in UK and EU for that dreaded gratuities bs that’s expected.

But what stumped me was the differences of value from what I see online to what I was told.

If I use my normal credit card… there’s charges of exchange rates each time.

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Bobby.

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Re: Share market crash this morning.
Reply #51 - Mar 11^th, 2025 at 6:39am

SELL

https://edition.cnn.com/2025/03/10/investing/us-stocks-drop-after-trump-says-he-...

The Dow closed lower by 890 points, or 2.08%,
pulling back from a loss of more than 1,100 points at one point.

The broader S&P 500 also plunged, dropping by 2.7%,
while the tech-heavy Nasdaq Composite plummeted 4%.

The Dow and S&P 500 each posted their worst day of the year. The Nasdaq posted its biggest single-day decline since September 2022.

The rout extended a miserable month for markets that has seen all three major indexes wipe out their gains since the US presidential election in November.

The widespread selloff was mostly driven by anxiety about the impact of Trump’s tariffs. In an interview that aired Sunday, Trump said the US economy would see “a period of transition” and refused to rule out a recession.

When asked on Fox News’ “Sunday Morning Futures With Maria Bartiromo” if he was expecting a recession this year, Trump said “I hate to predict things like that. There is a period of transition because what we’re doing is very big.”

Tech stocks led the selloff, weighing on the S&P 500 and dragging the Nasdaq into correction territory. The S&P 500 closed down 8.6% from its record high on February 19.

The “Magnificent Seven” of tech stocks — Alphabet (GOOG), Amazon (AMZN), Apple (AAPL), Meta (META), Microsoft (MSFT), Nvidia (NVDA) and Tesla (TSLA) — were all in the red on Monday.

“President Trump’s comments not necessarily taking a recession off the table unnerved investors who were already unnerved,” said Anthony Saglimbene, chief market strategist at Ameriprise.

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greggerypeccary

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Re: Share market crash this morning.
Reply #52 - Mar 11^th, 2025 at 7:55am

Dow falls by almost 900 points in market rout after Trump says he won’t rule out a recession

New York
CNN
—
US stocks plunged, bitcoin stumbled and Wall Street’s fear gauge hit its highest level this year as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday.

The rout on Wall Street started early, with all three major indexes opening sharply in the red. US stocks slid throughout the day and, despite a brief afternoon rally, closed in the red.

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Bobby.

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Re: Share market crash this morning.
Reply #53 - Mar 11^th, 2025 at 7:58am

greggerypeccary wrote on Mar 11^th, 2025 at 7:55am:

Dow falls by almost 900 points in market rout after Trump says he won’t rule out a recession

New York
CNN
—
US stocks plunged, bitcoin stumbled and Wall Street’s fear gauge hit its highest level this year as concerns about President Donald Trump’s economic policy led to a widespread market selloff on Monday.

The rout on Wall Street started early, with all three major indexes opening sharply in the red. US stocks slid throughout the day and, despite a brief afternoon rally, closed in the red.

https://m.media-amazon.com/images/I/71MFNw+P2XL.jpg

It's all Trump's fault.

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Bobby. Gold Member Offline Australian Politics Posts: 112860 Melbourne Gender:	Re: Share market crash this morning. Reply #54 - Mar 11^th, 2025 at 8:10am Looks like Trump went too far: https://edition.cnn.com/2025/03/10/business/canada-electricity-us-tariffs-doug-f... Ontario premier threatens to ‘shut off electricity completely’ for US if trade war escalates By Max Saltman, CNN 2 minute read Updated 2:40 PM EDT, Mon March 10, 2025
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Bobby. Gold Member Offline Australian Politics Posts: 112860 Melbourne Gender:	Re: Share market crash this morning. Reply #55 - Mar 11^th, 2025 at 9:08am ASX opens down this morning at 10.00am S&P/ASX 200 ^XJO:ASX·INDEX 7,903.2 59.1 (-0.74%) https://www.marketindex.com.au/asx200
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greggerypeccary Gold Member Offline Australian Politics Posts: 145923 Gender:	Re: Share market crash this morning. Reply #56 - Mar 11^th, 2025 at 10:48am Bobby. wrote on Mar 11^th, 2025 at 9:08am: ASX opens down this morning at 10.00am S&P/ASX 200 ^XJO:ASX·INDEX 7,903.2 59.1 (-0.74%) https://www.marketindex.com.au/asx200
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freediver

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Re: Share market crash this morning.
Reply #57 - Mar 11^th, 2025 at 11:05am

Bobby. wrote on Mar 11^th, 2025 at 8:10am:

Looks like Trump went too far:

https://edition.cnn.com/2025/03/10/business/canada-electricity-us-tariffs-doug-f...

Ontario premier threatens to ‘shut off electricity completely’ for US if trade war escalates

By Max Saltman, CNN
2 minute read
Updated 2:40 PM EDT, Mon March 10, 2025

LOL. I've been suggesting that might happen for a while. Like what happened to the CCP.

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People who can't distinguish between etymology and entomology bug me in ways I cannot put into words.

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greggerypeccary Gold Member Offline Australian Politics Posts: 145923 Gender:	Re: Share market crash this morning. Reply #58 - Mar 11^th, 2025 at 11:38am Tesla shares fell about 15.4%, while chipmaker Nvidia was down more than 5%. Other major tech stocks including Meta, Amazon and Alphabet also sank.
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Bobby. Gold Member Offline Australian Politics Posts: 112860 Melbourne Gender:	Re: Share market crash this morning. Reply #59 - Mar 11^th, 2025 at 5:20pm Our ASX closed 0.91% down but at lunchtime it was 2% down. https://www.marketindex.com.au/asx200
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