Australian stock market expected to decline after oil prices surge

老虎证券2026/05/10 23:36

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Before Monday’s market open, ASX futures fell by 0.5%, indicating that the S&P/ASX 200 Index may give back last week’s gains. The benchmark index slumped 1.5% on Friday, narrowing its five-day gain to 0.2%. Prior to the open, pharmaceutical company CSL lowered its annual profit forecast and indicated it will record an additional $5 billion pre-tax asset impairment. Explosives manufacturer Dyno Nobel stated that after its first-half profit more than doubled, it expects to meet its annual profit target.

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Goldman Sachs Volatility Panic Index surged to 9.57, approaching its maximum value, with the largest single-day increase ranking third in history, and the combined two-day volatility setting a new record. Historical data shows that after this index has exceeded the 9.5 threshold 15 times, the S&P 500 has seen an average three-month gain of 4.6% with a success rate of 80%. However, Goldman Sachs traders warn that forced liquidations have not yet fully cleared, and the market is still searching for a bottom, but opportunities on the other side are becoming increasingly difficult to ignore.

华尔街见闻•2026/11/07 07:31