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12/11/24

13:03

Post #: 76564371
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Originally posted by highlandlad: ↑

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

Half-time wrap:

Aussie shares fell for a second day as China's latest stimulus misfire dragged miners to multi-week lows.

The ASX 200 dropped 29 points or 0.36% by mid-session. Overnight weakness in iron ore and metals drove the materials sector down 1.1% to a seven-week low. Gold miners fell particularly hard as a rising US dollar made dollar-denominated commodity prices more expensive for holders of other currencies.

Cushioning the index from a deeper loss: utilities, tech companies, REITs and consumer stocks. The index's best performers were Afterpay-owner Block and lithium miners Pilbara Minerals and Liontown Resources.

US stocks extended the "Trump rally" into a new week as traders continued to buy likely winners from the change in the White House. The S&P 500 edged up 0.1%. The Dow rallied 0.69%.

Personal trading: I'm flu-ridden and miles off the pace, so wrapping up for the day and heading for bed. I'd be grateful if someone else could launch an after-market thread when the market closes. Will try to get out of bed tomorrow, but no guarantees if this brain fog doesn't lift. Son has Covid - hope this isn't that.

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Get well soon mate.
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