Afternoon trading July 15

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    Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.

    Half-time wrap:

    Australian shares hit a five-week high as investors bet US President Donald Trump's renewed trade threats were a bargaining tool to force through deals before next month's deadline.


    The ASX 200 traded as high as 8632 before trimming its advance to 31 points or 0.36% at 8601.

    Tech stocks, utilities and healthcare providers spearheaded a rally that lifted every sector except materials. CSL, Macquarie Group, QBE and Woolworths were among the pick of the heavyweights. Bulk metal miners BHP and Rio Tinto as China iron ore prices wobbled this morning and after a stronger greenback dented industrial metals overnight.

    US stocks edged higher overnight in subdued trade on the eve of a new earnings season. The S&P 500 firmed 0.14% as traders discounted higher tariffs against the European Union and Mexico announced on the weekend.


    Personal trading: Took pullbacks in AIS, ATX and OSX.

 
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