Thanks Oscar and morning crew.
Half-time round-up:
The share market rebounded from a 21-month low as tonight's Thanksgiving holiday in the US brought relief from a global sell-off.
The ASX 200 rallied 30 points or 0.5% to 5672 after trading yesterday below 5600 for the first time since February 2017. US stocks steadied overnight ahead of tonight's market holiday and tomorrow's thinly-traded half-session. The S&P 500 held on for a gain of 0.3% despite a late slump that sent the Dow back to break-even. A tech rebound pushed the Nasdaq up 0.92%. S&P 500 futures were recently ahead one point or 0.04%.
"Markets experienced a better night last night, but it is fair to say that sentiment remains fragile," Daniel Gradwell of ANZ Research told CNBC. "There seems a greater appreciation that with the impact of US fiscal stimulus waning, the US economy could slow like other major economies have. That leaves the market less forgiving of poor news."
Australian gains were spearheaded by the health sector +2.4%, consumer staples +1% and metals & mining +0.7%. The financials sector put on 0.5% and industrials 0.3%. Consumer discretionary lost 0.5% and telecoms 0.3%.
Asian markets were little changed. China's Shanghai Composite inched up 0.07%, Hong Kong's Hang Seng 0.08% andJapan's Nikkei 0.01%.
Crude oil futures eased 22 cents or 0.4% this morning to US$54.41 a barrel. Gold futures gave up $1.20 or 0.1%to US$1,226.80 an ounce. The dollar was buying 72.47 US cents.
Trading: been hampered by price alert problems all morning. Missed a couple of opportunities. Small dabble in OGX. Watched MMJ but there was no repeat of yesterday's volatility.
