Talks between the US and China could mean the end of the trade war, as healthcare stocks take a hit in the markets.

MARKET WRAP:

• ASX200: Up 0.3% or 27 points to 8178
• GOLD: $3,384 US
• BITCOIN: $149, 805

• 9 of the 11 sectors finished stronger, with the largest gains in the energy sector.
• It’s all on the back of oil prices, which have seen a rise.. brent crude now buying $63 US a barrel, off the back of hopes that an easing of tariffs could boost demand from China. Woodside and Santos are up 1.5% and 2.3% respectively.
• NAB has seen a jump of 2% after releasing a better than expected earnings report.
• And attention has turned to the US Federal Reserve’s 2 day policy meeting, which kicked off today - they’re expected to keep rates on hold tomorrow.

CURRENCY UPDATE:

• AUD/USD: 64.86 US cents
• AUD/GBP: 49 British pence
• AUD/EUR: 57 Euro cents
• AUD/JPY: 93 yen
• AUD/NZD: 1.08 New Zealand dollars

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