Australian shares are set to drop in early trade as global markets hit the "pause button" after a rapid surge over the past few days.AUD: 69.43 US cents, 55.31 British pence, 61.57 Euro cents, 74.67 Japanese yen, 4.889 Chinese yuan, $NZ1.061Europe: UK : -1.5pc at 6,190, Germany -0.9pc at 12,617, Euro Stoxx 50 -0.9pc at 3,322Spot gold +0.6pc at $US1,794.
The Nasdaq briefly climbed to a new record high on Tuesday , but ultimately fell by 0.9 per cent in the final hour."It's healthy to have some pullbacks," said Alan Lancz, an investment adviser based in Toledo, Ohio. "Even a more dramatic pullback would be good, just because I think there's a lot of uncertainty and it's kind of advanced on a wall of worry here.
"There's probably more profit-taking and volatility in store on the down side after the incredible rebound from the March lows."It was a similar story in European markets, with Germany's DAX and Britain's FTSE losing 0.9 per cent and 1.5 per cent respectively.
i hope it crashes so the greedy pigs lose all their money..
Lov th headlines when it falls zip from you biased arseholes when it rises and breaks records defundtheabc
Brace yourselves kids. Those who have a job, work hard to keep it. This is gonna get messy. 😭😭😭😭
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