ASX 200 climbed another 51 points to 7211 (+0.7%). Banks and resources leading the way, with BHP up 1.2% and RIO doing well up 1.1%.
Editors Choice•Education•Retirement Today
US markets finished higher on Friday as the market weighed remarks from Fed Chair Powell at the Jackson Hole Summit.
ASX 200 rallied 45 points in quiet trade to 7157 (0.6%). Solid day on US optimism and Chinese stimulus moves.
All of this weeks members podcasts in one place.
All major US indexes closed sharply in the red overnight, ending near worst levels, losing more than 1% each as profit-taking weighed on shares.
ASX 200 finished the week down 67 points to 7115 (0.9%). Down 33 points for the week. Results the focus.
Adding FMG, MIN and CIA as a trade today. Hoping to catch a rally in resources. Short term. Not enough evidence here to buy BHP in the one-stock portfolio. They have gone in on the opening prices today.
ASX 200 rose 34 points to 7191 (0.5%). A solid grind higher with banks in demand.
Wall Street ended mostly lower overnight, ending just off worst levels. Dow down 175 points (-0.51%).