Market Update: The S&P/ASX 200 opened higher following a strong rebound in the US and European equity markets last Friday night after the release of a...

Bell Potter

Stockbroker

Market Update: The S&P/ASX 200 opened higher following a strong rebound in the US and European equity markets last Friday night after the release of a better-than-expected non-farm payroll and unemployment figure and China's strong trade balance and exports data over the weekend. This gain was brief with the market falling 0.9% to 5,138 points with financials weighed down by a 20.0% plunge in QBE Insurance after a profit warning. The major banks continued to be under pressure, down between 0.7% and 1.3%. Resources were mixed with BHP down 0.5% while RIO added 0.1%. The AUD initially bounced a little after China's strong economic data over the weekend but lost the gain after their weaker than estimated CPI released today, currently trading at US$0.9107. The SPI was down 0.9% at 5,140 points on the Sydney Futures Exchange.


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.