Afternoon trading October 10

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

Half-time wrap:

Australian shares followed Wall Street back towards record levels as the prospect of further US interest rate cuts helped salve any lingering disappointment about China's stimulus restraint.

The ASX 200 advanced 50 points or 0.63% to 8239 by mid-session. The rally lifted the index to within 30 points of last month's all-time closing high.

Resource, property and bank stocks set the pace. Utilities retreated as a recovery in bond yields continued.

The Dow and S&P 500 closed at records overnight after the minutes from last month's Federal Reserve meeting reassured investors that further rate cuts are on the cards this year. The S&P 500 rose 0.71%. The Dow gained 1.03%.


Personal trading: Got a profit from GLN from yesterday at the open and that was it. Too cautious with lowball offers for TMG and SHN.