Afternoon trading May 30

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    Thanks @shovel40, @FlashPoint, @Fiji1 and morning crew.

    The ASX's two-session rebound stalled this morning following a tepid welcome from European markets to news of a tentative deal to raise the US debt ceiling.

    With Wall Street closed for Memorial Day, European markets drifted lower overnight as a handful of hardline Republicans vowed to resist the proposed deal in Congress.

    The ASX 200 drifted three points or 0.05% lower a day after its strongest advance since mid-April. Gains in miners, telecoms and industrials were outweighed by declines in banks, REITs and healthcare providers.

    US futures remained higher ahead of the resumption of trade tonight. S&P 500 futures were lately up 0.26%.


    Personal trading: Wasted morning for me. Couldn't pick a trade to save myself

 
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