Half-time round-up:
Rallying resource stocks drove the ASX to a two-week high this morning after overnight advances for commodity prices.
At lunchtime the ASX 200 was up 50 points or 1.07% at 4769 on gains in the gold sector +4.1%, metals & mining +2.1%, materials +2.1% and energy +1.7%. Property trusts and consumer staples were the only sectors to buck the uptrend, down 0.6% and 0.1% respectively.
Labor's ETS scheme was voted down in the Senate this morning, handing the government a double dissolution trigger. The vote, shortly before midday, was defeated 41-33.
The brittleness of the housing recovery was underlined by a fall in home loans in November for the second straight month. Sales of mortgages fell 8.36% to 6,541, according to mortgage broker AFG. The average size of a mortgage hit a record $367,000 in November, a rise of 6.4% since May.
Asian markets were mixed. Japan's Nikkei gave up early gains and was recently down 0.16%, Shanghai was up 0.63% and Hong Kong's Hang Seng was up 1.31%. Dow futures were at -8.
Gold burst back through $1,200 an ounce this morning and was recently trading at $1,202.30. Crude oil futures slid 20 cents to $77.99 a barrel.
A better morning here after yesterday (when I might as well have been wearing clown shoes and a red nose). Caught SGX and MDL on breakout. Surprised RNG has been sold down so hard. Watching it for signs of a turnaround.
- Forums
- ASX - Day Trading
- daytrade diaries... december 2 part 2
Half-time round-up:Rallying resource stocks drove the ASX to a...
-
- There are more pages in this discussion • 88 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
Featured News
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online