Afternoon trading June 11

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

Half-time wrap:

Aussie shares hit a new high after US and Chinese officials announced they had agreed a framework to de-escalate trade tensions between the two countries.

The ASX 200 reset its all-time high to 8639.1 in early trade before paring its advance to 28 points or 0.33% at 8615. This morning's initial push swept the index 24 points past its previous intraday peak set on February 14.

Real estate trusts, energy producers and telcos were among the prime movers, supported by miners and consumer stocks. Drags included CSL, QBE and Macquarie Group.

Washington and Beijing announced this morning that two days of negotiations had ended with a preliminary agreement on how to enact their previously-agreed trade truce. The latest deal is subject to sign off by Donald Trump and Xi Jinping.

US stocks rose for a third night amid optimism ahead of this morning's announcement. The S&P 500 climbed 0.55%.


Personal trading: Got a few pips from a bounce in FRS. Also caught a low in 360 for pocket money. PWH came good from yesterday.