Morning all!
Huge thanks to Mike B for filling in the last few weeks, great effort!
SPI +7 @ 5855
The Australian sharemarket closed not far off a two-year high on Friday, holding onto most of this week's outsized gains.
The S&P/ASX200 index shed 0.5 per cent in choppy trade on Friday as some investors took profits on the last day of the quarter. But the benchmark index still notched up a weekly gain of 1.9 per cent.
Feeding the rally this week was an $8 billion bonanza in dividends distributed to shareholders over the past five sessions. The payments aren't over, with a further $7.2 billion to be distributed next week.
"The banks continue to lead the market higher and [are] helped by a recovery in resources with commodity prices bouncing backs [from recent selloffs] across the board," said Bell Potter senior stockbroker Richard Coppleson.
1
The RBA meets tomorrow to decide on interest rates
The Dow Jones industrial average fell about 65 points, with Goldman Sachs and Exxon Mobil contributing the most losses.
The S&P 500 slipped 0.23 percent, with financials lagging.
The Nasdaq composite closed just below breakeven.
The three major U.S. indexes posted quarterly gains of at least 4.6 percent. The Nasdaq also recorded its best quarterly performance since 2013 as tech stocks rose more than 12 percent in the period.
2
Oil prices were mixed on Friday after a three-day rally ran out of steam, teeing up the oil market's worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC-led production cuts.
WTI settled 25 cents, or half a percent, higher at $50.60 a barrel on the day, but ended the quarter 5.8 percent lower.
3
Gold $1250 + .5%
XAU + .4%
AUD Gold $1636
AUD .7633
Have a good day
1 SMH
2,3 CNBC
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