Thanks Rockstar and morning crew. Shout-out to @Endless. Get well, champ - the place is duller without you.
Half-time round-up:
Solid jobs data and positive leads from Wall Street helped the share market resume its uptrend following a two-day sell-off.
The ASX 200 edged up three points or 0.1% to 5845 mid-session as energy stocks hit reverse and select defensive assets continued to attract buyers. The energy sector put on 1.7%, telecoms 0.8%, utilities 0.5% and financials 0.2%. Gold stocks dropped 2.3% and materials 0.2%.
The index hit a two-month high on Monday before retreating as US-China trade talks stalled and the IMF downgraded its global economic outlook. Overnight, the S&P 500 put on 0.22% and the Dow 0.7% as the quarterly corporate earnings season offered support. S&P 500 futures were recently ahead 3.5 points or 0.13%.
Here, the local market got a leg-up from news the jobless rate fell to 5% last month as the economy created 21,600 jobs - higher than the 18,000 consensus target."The key message here is Australia's labour market is still looking quite strong," Paul Bloxham, HSBC's chief economist for Australia, New Zealand and global commodities, told CNBC. "If you're in Australia, there's really no better time than now to be looking for a job. There are more jobs out there as a proportion of the work force than ever before."
Asian markets. China's Shanghai Composite %, Hong Kong's Hang Seng % andJapan's Nikkei %.
Crude oil futures edged up two cents or 0.02% this morning to US$52.63 a barrel. Gold futures shed $1 or 0.1%to US$1,290 an ounce. The dollar was buying 71.6 US cents.
Trading: EN1 wearing rocket boots again - been quite a performer. I was watching MSV at the time and missed the upswing. Took a couple of pips out of MSV. Only action so far.
- Forums
- ASX - Day Trading
- Afternoon trading January 24
Thanks Rockstar and morning crew. Shout-out to @Endless. Get...
-
- There are more pages in this discussion • 142 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)