I'm sorry, but I don't know the lingo. What are ORDS? Durable goods ORDers? I infer from your comment that it/they are related to equity prices, since they would fall in response to middling or weak earnings news. Also, is this Australian data or US data or global data?
It's the Australian All Ordinaries index, as in all ordinary shares, i.e., excluding preference shares, convertibles, etc. It's Oz's equivalent to the US S&P500.
I talk about the world, because Oz is so strongly influenced by it, but I always talk about Oz too!
I'm sorry, but I don't know the lingo. What are ORDS? Durable goods ORDers? I infer from your comment that it/they are related to equity prices, since they would fall in response to middling or weak earnings news. Also, is this Australian data or US data or global data?
ReplyDeleteIt's the Australian All Ordinaries index, as in all ordinary shares, i.e., excluding preference shares, convertibles, etc. It's Oz's equivalent to the US S&P500.
ReplyDeleteI talk about the world, because Oz is so strongly influenced by it, but I always talk about Oz too!