Afternoon trading June 20

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

Half-time wrap:

The share market tilted towards its first weekly loss in more than a month as the threat of US intervention in the Israel-Iran conflict deterred buyers.

The ASX 200 declined 39 points or 0.46% by mid-session. A fall of that scale, if sustained through to this afternoon's close, would be the largest in more than a month.

Banks, consumer stocks and telcos weighed during a risk-averse session. Gold miners, tech companies and energy producers offered modest upside.

European stocks fell overnight to their lowest in more than a month after US President Donald Trump approved direct US intervention in the Israel-Iran conflict but gave a two-week deadline to decide whether or not to proceed. The pan-European Stoxx 600 index dropped 0.83%.

US markets were closed overnight for the Juneteenth public holiday. S&P 500 futures were down 0.36% ahead of the resumption of trade tonight.


Personal trading: Not the easiest of conditions. Low volumes, poor risk appetite. Fluked a bounce in GYG for beer money. Took MMS when the selling appeared to reach a climax.