I think this morning's weakness is just following Wall Street, and we did have a very buoyant start to the new financial year. |
The fall is on the back of Wall Street, pure and simple but I don't think we will be this weak by the close. |
The only strength in the market today is among those stocks included in the Morgan Stanley Capital International index because people expect them to be buoyed by increased buying for a while. |
There's been plenty of speculation on interest rates in the past few days, so I guess the market is taking the rate rise pretty well at this stage. |
Until then, there's no reason why the market will go up. There's nothing driving the market at this stage. |