Energy stocks soar and the Aussie dollar breaks through US77c in the wake of the surprise agreement by OPEC to cut production
After several failed attempts to jump that level earlier this week, the Aussie finally managed, rising as high as US77.09¢.
"The OPEC deal gave the Aussie dollar an additional boost," said OANDA senior currency trader Stephen Innes.
The Energy sector is leading the charge today with RIO and BHP both enjoying nice rallies
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All Ordinaries
5,551.300
+51.100
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ASX SPI 200
5,448.000
+47.000
Job vacancies rebounded by 4.5 per cent in the three months to August to hit the highest since mid-2012, a promising sign for a pick up in labour demand. Total job vacancies rose to 177,300 seasonally adjusted in the June-August quarter, from 169,600 in the three months to May, data from the ABS shows.
Vacancies were 9.8 per cent higher than in the same period last year.
DOW FUTURES : +28
Trading
BRN the big winner for the morning session. 1PG got some at support, hoping for a nice arvo from this and still holding VRI.
