Thanks afternoon crew. A tricky week relative to some of the armchair rides of not so long ago. Suspect the cloudy rates outlook here (versus the US) is encouraging instos to shift cash out of the more speculative corners of our market into other assets. Hope everyone came through with minimal damage. Have a great weekend, all.
End-of-day summary:
A Friday rally helped the share market recoup most of its losses from earlier in a choppy week.
The ASX 200 climbed 59.9 points or 0.68% to ensure it ended the week near where it started. The Australian stock benchmark fell six points short of avoiding a second straight weekly loss.
Gold miners shone for a second day. Bellevue Gold and Regis Resources both gained more than 6.4%. Also near the top of the index: HMC Capital, Ventia Services Group and Guzman y Gomez.
Drags on Friday included energy producers (oil down overnight) and consumer discretionary stocks (executive shuffle at sector heavyweight Aristocrat Leisure).
Wall Street's three major stock benchmarks closed at records overnight as a jump in claims for unemployment benefits helped convince investors the Federal Reserve has to lower rates next week to support the jobs market, even as inflation remains above target. The S&P 500 put on 0.85%.
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- Day traders' weekend lounge September 12 - 14
Day traders' weekend lounge September 12 - 14
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