The ASX 200 rises 29 points to 7457 in a solid across the board rally to end the week. US Jobs numbers beckon. 10-yields yield heading back down, now 1.77%. The rally was once again led by the banks with the BigBankBasket up to $189.99 (0.4%) despite WBC going ex-dividend today too, down 2.8%. Other financials joined CBA in the winners’ circle with MQG up 0.2% and ASX up 2.4%.
Industrials firm across the board, WOW up 1.4%, COL up 1.3% and TCL rising 0.4%. Healthcare also in favour, CSL up 0.8% and RHC up 1.5%. Miners were also in demand as the AUD fell, BHP up 0.2% and FMG rallying 0.6%. Gold miners rose too as bullion headed back to US$1800. NCM up3.5 % and EVN up 4.8%. Energy stocks were becalmed. Tech stocks were skewed by the falling APT as Square released results in the US and dropped 5.5%. APT down % and the All-TechIndex down 0.4%.
In corporate news, NWS had a great result with the stock rising 6.9% REA also doing well up 5.6% on its quarterly results. LNK rose 8.6% on a takeover approach by Carlyle and PNV dropped after the MD resigned. In economic news, the RBA released its SOMP today, bond yields collapsed and Asian markets cautious ahead of US NFP.
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