End of Day Report
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)
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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 informing private investors with insightful, honest, straight-up independent stock market research and ideas. Marcus likes to call it as it is without agenda, puts subscribers first, and this has paid off for real people with real money.
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