Tuesday October 7, 2008, 8:59 am It is expected to be a turbulent day of trade on the Australian share market. The Dow Jones dropped below 10,000 for the first time in 4 years overnight, closing down 3.3 per cent. European markets crashed, with shares plunging to 20-year lows. In futures trade, the Share Price Index 200 is down almost 4 per cent or 178 points at 4,388. Yesterday, the Australian share market fell more than 3 per cent. CommSec market analyst Juliette Saly says it is going to be a volatile day. "It's not looking good for the Australian share market," she said. "Yesterday we saw a three-year low on our market and it looks like its going to be even worse today following that big drop on offshore markets." "We're looking at a drop of around 4 per cent when the Australian share market opens this morning." The...
[read full story]
Your Web Site
