Half-time wrap:
A third day of gains propelled the share market to its highest in a week and a half after soft US jobs growth boosted hopes for rate cuts.
The ASX 200 rallied 42 points or 0.55% to 7671. Rate-sensitive property, tech and banking stocks led the advance as Australian government bond yields tracked a retreat in US treasuries. Goodman Group, Westpac and Fortescue Metals were the best of the heavyweights.
The morning's economic data showed a 2.8% rebound in Australian job ads and an as-expected expansion of Chinese services sector activity.
US stocks logged strong gains on Friday after softer-than-expected April job gains and wage inflation prompted financial markets to reinstitute the possibility of a second rate cut this year. The S&P 500 firmed 1.26%.
Personal trading: Messy morning. Got a few on the go, but too thinly traded to mention here. You're not missing anything if you're not on these trades...
