Market flags as rate cuts lose potency

Original article by Philip Baker
The Australian Financial Review – Page: 34 : 3-Nov-15

The Australian sharemarket had another bad day on 2 November 2015, with the S&P/ASX200 index falling to 5,165.8 points. The index was close to 6,000 points in April. The charts suggest that the index could decline to below 5,100. Risks include doubts about China’s manufacturing sector; a likely increase in the GST, and a possible drought in Queensland.

CORPORATES
STANDARD AND POOR’S ASX 200 INDEX, RESERVE BANK OF AUSTRALIA, UNITED STATES. FEDERAL RESERVE BOARD, TELSTRA CORPORATION LIMITED – ASX TLS

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