Market Update: The S&P/ASX 200 bounced 0.4% to 5,234 points, recovering from yesterday's sharp fall on the back of a rebound in the U.S

Bell Potter

Stockbroker

Market Update: The S&P/ASX 200 bounced 0.4% to 5,234 points, recovering from yesterday's sharp fall on the back of a rebound in the U.S. equity markets last night after a better-than-expected retail sales data. CBA advanced 0.3% while all other major banks were flat. Resources were mixed with BHP down 0.4% while RIO was up 1.5%. Fortescue climbed 3.3% after reducing its junk-rated debt by a further $1.6bn. OZ Minerals rallied 13.0% as it expects a boost in copper and gold production in 2014. The AUD has fallen below the US$0.90 mark overnight to be trading at US$0.8920. The SPI was up 0.5% at 5,197 points on the Sydney Futures Exchange.


1 topic

Bell Potter
Stockbroker

Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment