Lower commodity prices are weighing on Australia’s S&P/ASX 200 Index, which is poised for a fourth consecutive session of declines, the longest losing streak since May. That follows an advance of 7 percent in a little over a month that saw the measure top the 6,000 level for the first time since the financial crisis. The pullback is just a “short-term correction,” said from Morgans Financial Ltd. which are sticking with a 6,200 medium-term target for the index.
Source: Bloomberg Pro Terminal
Trader Bozhidar Arabadzhiev
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