Thanks Trees
Was just finishing report and crash. here goes AGAIN
SPI +14
View attachment 543951
The Australian sharemarket defied weak offshore leads and falling iron ore prices to push higher again on Tuesday, with strength in the major banks helping keep the benchmark index at its highest level since early 2015.
The S&P/ASX 200 rose 0.3 per cent to 5929.3, while the broader All Ordinaries Index added 0.3 per cent to 5964
"The highlight was a bit of support for the banks, which have been toing and froing between believers and disbelievers for a while," said Paterson's Securities economist Tony Farnham.
Meanwhile, the materials sector was the major drag on the market, largely due to BHP Billiton giving up 1.4%
1
Pervasive uncertainty over the role of the U.S. in international conflicts dragged Wall Street into the red on Tuesday and kept it there until the closing bell.
The
S&P 500 was down 0.14%, the
Dow Jones Industrial Average fell 0.03%, and the
Nasdaq slipped 0.24%. Stocks came off the worst of the day's lows by the end of the session.
"At this point you have Trump starting to take some real actions that could be disruptive and this gets us into geopolitics," said Brad McMillan, Commonwealth Financial Network's chief investment officer, in a phone interview. "He's sent a carrier battle group to North Korea which is certainly outside what the markets had expected of him.
Financials were among the sectors in the red on Tuesday as the big banks failed to get a kick from Trump's pledge to eliminate industry regulation.
2
Crude oil turned positive on Tuesday, reversing course on reports that Saudi Arabia has told OPEC officials it wants to continue OPEC cuts for an additional six months.
Oil futures have been pinned in a range, supported by production cuts from OPEC and other states but capped by rising U.S. shale oil production.
U.S. West Texas Intermediate (WTI) rose by 32 cents to $53.40 a barrel after touching a five-week high of $53.37.
Brent crude, the international benchmark for oil, was up 19 cents from its previous close at $55.93 per barrel. Earlier in the session, Brent had climbed to its highest since March 7 at $56.16.
3
Copper + .17%
Nickel - 3.4%
Zinc - - 1.85%
Gold prices were ending the U.S. day session solidly up and hit a five-month high Tuesday. Buy stop orders were triggered in the futures market in early U.S. trading when prices pushed above last week's high and also moved above the key 200-day moving average. Increasing risk aversion in the marketplace early this week has also propelled the safe-haven metal.
4
Gold $ 1274
HUI + 3%
AUD Gold $1699
AUD .7500
Have a good day
1 SMH
2 The Street
3 CNBC
4 *****
