A fairly quiet day on the ASX in the context of the volatility standards prevalent over the last month and a half or so. Although a 1% decline was recorded, it seemed like a pretty lacklustre session again, like yesterday, on light volume. Trading was choppy with the cleanest intra-day trend coming in the early afternoon when most of the ground was lost. Most sectors closed in the red, Consumer Staples and Health were the only ones to buck the trend. The media continues to focus on European debt issues as the market’s concerns – one day its Greece, the next Italy…. US markets had a more volatile session. The Dow Jones closed 0.9% lower and the Nasdaq 0.4% down but it could have been worse if not for a late rally. Of the major indices in the US, the Nasdaq really is leading the way, grinding to a higher high whilst others are yet to do so. US futures have had a bumpy night session and are down just under 0.5% at the time of writing.

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1. Tuesday 6th September, 2011
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4. Monday 20th June, 2011
5. Wednesday 20th July, 2011