If you've got consumer confidence falling, if you've got unemployment at 6.2 per cent, and if the only thing going for the Australian economy is the Sydney property bubble, it's not great," said Mr Jennings. When we've seen that in the past we've seen banks down, resources up and vice-versa but today we're seeing everything down They have run pretty hard so there's a bit of profit-taking there. But there's also some weakness in CBA after the AGM comments and then there's the spectre of more regulation - Murray Inquiry, etc - in the banks. I’ve frozen+ dropped probably 15x while going from Shards 1 to 6. It’s happening during different skill uses, whether it’s Judgment, the meteor devotion proc, or Stormfire. "We've got a bunch of stocks going ex-dividend, Macquarie among them. Running through the Shattered Realm on my auradin and I’m hard crashing several times. It doesn't take much to be down 40 points," said Mr McElwaine.īBY senior private client adviser Henry Jennings also pointed to the ex-dividend factor for the poor performance of the banks. "You have all banks down today and you get a few of those big resources names off, and that's a big part of the index. You'll find a lot more money going into the Commonwealth Bank as a result of money going out of the others, because it's the next one to go ex-dividend early next year," said Mr McElwaine. There's a bit less buying support for them. "NAB, ANZ and Westpac have all gone ex-dividend within the last week. On relaunch, both Char1 and Char2 are visible but attempting to load either Char1 or Char2 crashes the game. I download cloud saves (Char2 stays put on disk), then disable cloud storage. With cloud enabled, Char1 is present but Char2 is not. National Australia Bank fell 1 per cent to $32.62, ANZ lost 1.05 per cent to $32.17, Commonwealth Bank of Australia fell 1.4 per cent to $81.84 and Westpac Banking Corp dropped 1 per cent to $33.29. Char2 is in the same folder (under My Games/.) but fails to upload to the cloud for some unknown reason. They just can't compete from a cost perspective. "Demand is really outstripping supply – and the smaller players are the ones worst hurt. The fall in the iron ore price "is on the back of increases in iron ore production," said Mr McElwaine. BHP's decision to shelve the sale of its Nickel West assets after it was unable to find a buyer also hit its share price. Fortescue closed below the $3-mark for the first time this year, dropping 2 per cent to $2.96.Īmong the big miners, BHP fell 2.8 per cent to $33.22 and Rio dived 1.8 per cent to $59.42. Brent for December settlement declined as much as US58¢ to $US81.09 a barrel in Wednesday trading.Īmong the small miners, Fortescue Metals Group, Atlas Iron, Mt Gibson, Arrium and BC Iron all reached 2014 lows, with several stocks suffering double-digit percentage drops.Ītlas plunged 14.3 per cent to 21 cents, BC Iron dived 10.4 per cent to 77.5 cents, Mt Gibson lost 4.7 per cent to 40.5 cents and Arrium fell 3.3 per cent to 29 cents. Oil prices also fell amid signs that Organisation of the Petroleum Exporting Countries members will keep up supply despite falling prices.
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