Thanks Oscar and morning crew. Half-time round-up: The share...

Thanks Oscar and morning crew.


Half-time round-up:

The share market pushed towards back-to-back gains for the first time in a month as international markets continued to heal.

The ASX 200 rallied 42 points or 0.7% to 6068 on the back of solid gains in telecoms +1.9%, metals & mining +1.3%, energy +1.3% and financials +0.8%. The index was on track for its strongest close in two and a half weeks as investors put global trade tensions and political uncertainty in Europe temporarily behind them.

Overnight, the S&P 500 in the US advanced 0.86%, the Dow 1.4% for its best session in nearly two months and the Nasdaq 0.67% to another record close. This morning S&P 500 futures edged up 1.5 points or 0.05% as China's Shanghai Composite put on 0.34%, Hong Kong's Hang Seng 0.63% and Japan's Nikkei 0.95%.

Crude oil futures rose 23 cents or 0.36% this morning to US$64.96 a barrel. Gold futures dipped 40 cents or 0.03% to US$1,301 an ounce. The dollar was buying 76.51 US cents.


The XJO looks interested in retesting that stubborn 6130-6150 resistance area. Will the third time be the charm? The mood in the US seems to have improved on the back of renewed strength in tech stocks. Tech is a minor part of the local market, but the bullish sentiment is rubbing off. June is not usually a great month here, but anything is possible now the market seems to have lost interest in trade wars, Korea and simmering European debt issues. Trading: did well out of that temporary bounce in DMI - two trades. AVZ looked worth a roll at 10c - intraday only. Took ING too early and need a bit more of a recovery this arvo.