For once, I did not know that US market open on Easter Monday.
Well, as we all knows, Dow Jones is the leading indicator in the world and without exception, Australian Stock Exchange will follow every strong lead (read: I would say any 100+pts movement) from the Dow the day after.
On 18-Mar 2008, when the Fed cut that interest rate and send DJI went up 420 pts (3.5%), AORD (Australian’s All Ordinaries Index) was also went up 3.6% (185 pts) the day after. See the graph and table below.
Posted by Denis Kristanda 