Gains for oilers, miners and industrials helped the ASX recover some of the week's losses this morning.
At lunchtime the ASX 200 was up 33 points or 0.77% at 4415, led by advances in the energy sector (+2.2%), industrials (+1.9%) and metals & mining (+0.9%). QAN rose despite reporting its first loss in six years after the airline said it would cut costs by $1.5 billion over the next three years.
Asian markets slipped into the red. The Nikkei was down 0.24%, China's SSE down 0.1% and the Hang Seng 0.23%. Dow futures were mildly bearish at -17. Gold futures continued to creep north, adding almost $4 this morning to reach $940.40. Oil also pushed north, recently brushing $70 and currently up almost 50 cents this morning at $69.80.
A distracted morning here but I found time for scalps in BKY, IDT and AAX, none especially profitable. Had several buy orders in the market but couldn't bring myself to chase those rich opens - particularly regret missing MND.
Potential overnight holds: MOL if it holds today's gains. From this morning's company reports, perhaps BLD, CEY, ILU, QAN or WPL.
