Thanks @shovel40, @Fiji1 and morning crew.
Half-time wrap:
The share market pushed towards its fourth gain in five sessions as the threat of a rate rise tomorrow failed to derail a positive start to the new financial year.
The ASX 200 gained 29 points or 0.41% by the halfway mark. Resource stocks led the advance, supported by utilities, industrials and consumer discretionary stocks. Tech was the biggest drag as traders booked profits in the likes of Wisetech, Xero, Megaport and Technology One.
Trading volumes were kept in check by a US market holiday tomorrow and by uncertainty over the outcome of tomorrow's Reserve Bank rates decision. Economists are divided on whether the central bank will hike or hold.
A report this morning showed job advertising declined 2.5% last month, but vacancies remained well above pre-pandemic levels. A measure of Chinese factory activity cooled a fraction from May levels but showed a continuing expansion in activity. Caixin's manufacturing PMI eased to 50.5 from 50.9.Personal trading: LDX provided much of the morning's excitement, but at levels where I hesitate to get involved. Fortune favoured the braver. Elsewhere, WC8 shaping up nicely on breakout.
