End of Day Report

Marcus Padley

Marcus Today

ASX 200 rises 26.8 points to 5252.2 as Japanese markets closed for holiday. Banks lead the rally ahead of results next week. China barely moved +0.19% with yuan fixing raised the most since 2005. AUD 76.51 US futures up 20. Yen at 18-month high against the USD. Another solid day with the banks performing better as results approach next week. Once again volume ($5.6bn) was hardly the stuff of brokers' dreams considering option expiry yesterday. With Japan closed for a holiday, there was nothing to upset the apple cart today. A steady grind higher with resources and healthcare adding to the gains. For the record we are up a massive 16 points for the week, or 0.3%. Big week next week. (VIEW LINK)


Marcus Padley
Director
Marcus Today

Marcus Padley founded Marcus Today in 1998 and leads the team of analysts and market commentators that publishes a daily stock market newsletter, presents four podcasts and runs an $80m Australian equity fund. He is passionate about educating and...

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