Market Update: The S&P/ASX 200 edged down 0.2% to 5,298 points following a retreat in the U.S

Market Update: The S&P/ASX 200 edged down 0.2% to 5,298 points following a retreat in the U.S. and European equity markets last night. Financials lagged with all the major banks down between 0.4% to 1.0%. Miners extended their gains with BHP and RIO adding 2.6% and 1.0% respectively. Super Retail Group plunged 15.8% on profit warning. The AUD was barely holding on to US$0.88 after rebounding from an overnight low of US$0.8777. It is currently trading at US$0.8818. The SPI was down 0.2% at 5,259 points on the Sydney Futures Exchange.