Thanks @shovel40, @Fiji1 and morning crew. Half-time wrap: The...

  1. 14,867 Posts.
    lightbulb Created with Sketch. 6
    Thanks @shovel40, @Fiji1 and morning crew.

    Half-time wrap:

    The share market pushed towards a remarkable 10th straight advance after the US Federal Reserve signalled a rate cut next month is a near-certainty.


    The ASX 200 rallied 18 points or 0.22% to 8029 by mid-session. The index began the day on its longest winning run since December 2015.

    Tech, mining, industrial and property stocks led the charge as corporate earnings continued to flow. Drags included Megaport, Monash IVF and Collins Foods.

    US stocks rallied overnight for the ninth time in ten sessions after the minutes from last month's Fed meeting showed the "vast majority" of policy-makers were ready to lower rates next month if economic data unfolds as expected. The S&P 500 lifted 0.42%.


    Personal trading: Pip from a dip in E79. Paid more for UNT on retrace than I needed to. Hoped the pullback in MTM would come a little deeper for a safer entry, so missed out. Will await the next opportunity on that one.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.