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ASX 200 finished 11 point to the good at 7030 (0.15%) in a volatile day. For the week, the index has gained 16 points (the hard way). Miners under pressure ,BHP down 1.1% RIO off 0.9%, FMG down 2.2% and MIN off 4.3%. Gold miners too saw some profit taking, NCM fell 1.8% and EVN down 1.3%. Oil and gas suffering from crude weakness, STO down 4.8% and WPL down 3.3%. Industrials were firmer, banks mixed with CBA off 0.4% and the Big Bank Basket unchanged. Tech stocks raced out of the blocks only to be ambushed, KGN did not help falling 14.3% on a guidance downgrade., In economic news, retail turnover rose 1.1% in April, ahead of estimates of 0.5%. The 10-year bond yield drops to 1.72%. Asian markets mixed with Japan up 0.8% and China off 0.8%. Dow futures up 49 points.
CLICK HERE to sign up for a free trial of the Marcus Today newsletter including our daily STRATEGY PODCAST.
ASX 200 finished 11 point to the good at 7030 (0.15%) in a volatile day. For the week, the index has gained 16 points (the hard way). Miners under pressure ,BHP down 1.1% RIO off 0.9%, FMG down 2.2% and MIN off 4.3%. Gold miners too saw some profit taking, NCM fell 1.8% and EVN down 1.3%. Oil and gas suffering from crude weakness, STO down 4.8% and WPL down 3.3%. Industrials were firmer, banks mixed with CBA off 0.4% and the Big Bank Basket unchanged. Tech stocks raced out of the blocks only to be ambushed, KGN did not help falling 14.3% on a guidance downgrade., In economic news, retail turnover rose 1.1% in April, ahead of estimates of 0.5%. The 10-year bond yield drops to 1.72%. Asian markets mixed with Japan up 0.8% and China off 0.8%. Dow futures up 49 points.
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