David Fuller's view

This evening, I repurchased the Australian 200 Index, paying 5485.5 for the September contract.  This was 1 point less than I paid when buying it at 5486.5 on 3^rd July, only to have my slightly-in-the-money stop triggered on 1^st August at 5495.  These prices include all spread-bet dealing costs.  Australia fell back with Wall Street last week and I am hoping that was an overreaction to the 2Q GDP figure of +4%, which did not lift US 10-Yr T-bond yields more than briefly.