Australian shares rode a surge in commodity prices back above the 4000 mark this morning, despite a weak lead from Wall Street.
At lunchtime, the ASX 200 was up 66 points or 1.7% at 4001, led by gains in energy (+2.6%), metals & mining (2.9%) and materials (2.7%).
Asian markets were also positive. The Nikkei added 1% and the Hang Seng 1.45%. Dow futures were recently +12. Gold continued to recover from this month's sell-off, rising nearly $3 this morning to $957.10. Oil charged back through $70, recently trading at $70.68.
Well done to the ALY traders. A solid morning here. Took profits in FLX from yesterday's buy. Rode the breakout in MND. Traded the bounce in BCI and made a skinny profit in MDL, bought near support. Sitting in the buy queue for MDT.
