Thanks afternoon crew.
End-of-day summary:
The ASX 200 closed above 7800 for only the third time after annual inflation held steady for a third month.
The Australian benchmark rallied 39 points or 0.51% to 7820, reversing yesterday's loss. The rally brought index back to within 34 points of its all-time high set earlier this month.
Gains in the major supermarkets, South32, CSL and most of the banks helped offset down-pressure from some of the iron ore miners as ore prices in China sagged 3.7%.
The market overcame negative leads from the US after mid-morning data showed headline annual inflation held at 3.4% last month, ahead of expectations for a rise to 3.5%. Overnight, the S&P 500 declined 0.28% to a third straight loss.
- Forums
- ASX - Day Trading
- Day traders' after-market lounge March 27
Day traders' after-market lounge March 27
-
- There are more pages in this discussion • 31 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
LU7
Discover the strong preliminary feasibility of the Bécancour Lithium Refinery, showcasing resilience in a low pricing environment and a strategic plan to capitalize on future price recoveries