Thanks @shovel40, @mirren, @Fiji1 and morning crew.
The share market halved its loss after major trading partner China reported stronger economic growth than expected. The ASX 200 cut an initial 37-point loss to 16 points or 0.21% by mid-session. Just two sectors advanced: materials and utilities. Energy producers and gold miners were among the leading drags.
Chinese GDP expanded by 4.5% last quarter (previous: 2.9%; expected: 4%).
There were no surprises in this morning's RBA minutes. The bank emphasised it left rates on hold to "allow time to gather more information". "Monetary policy may need to be tightened at subsequent meetings". In other words, we're not necessarily at the top of this rates cycle.Personal trading: Scalped AR3 for a couple of pips at the first dip under 70c. Also took POL, AR3, WMG and AGR on retrace. Missed opportunity of the day was the slow start in LRV. I mistook the modest scale of the opening gain for disinterest. Second-guessed myself and missed the run. Oh dear.
