Afternoon trading October 5

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

Half-time wrap:

Aussie shares rebounded from 11-month lows after weak US payrolls data and a sharp retreat in oil prices ameliorated concerns about the need for higher rates to contain inflation.

The ASX 200 bounced 31 points or 0.45% to 6921. The index has managed only one prior double-digit gain during almost three weeks of steady decline.

Gold miners, real estate investment trusts, supermarkets, telcos and tech stocks set the pace as bond yields backed off yesterday's multi-year highs. The energy sector declined 1.37% after Brent crude plunged 5.6% to its biggest single-session loss since July 2022.

US stocks rallied overnight after private payrolls fell significantly short of expectations, implying the labour market might finally be cooling off after hampering the Federal Reserve's attempts to bring down inflation. The S&P 500 gained 0.81%.


Personal trading: Got something from BCB but needed to buy twice below initial entry to snag a profit.