Market Update: The S&P/ASX 200 opened on a positive note following a strong session across the U.S

Bell Potter


Market Update: The S&P/ASX 200 opened on a positive note following a strong session across the U.S. and European equity markets overnight with the S&P 500 and DAX closing at record highs. The market continued to climb higher to be up 1.0% at 5,297 points after the disappointing jobs data. Resources led the way after a few big caps released strong production reports. BHP and RIO rose 2.2% and 2.0% respectively. Iluka Resources rallied 7.5% after full year production was in line with expectation and full year sales exceeded forecast. Financials were mixed with CBA down 0.5% and other major banks were up between 0.1% to 0.4%. The AUD has fallen almost US$0.01 after the jobs data and is currently trading near the day's low at US$0.8815. The SPI was up 1.1% at 5,260 points on the Sydney Futures Exchange.

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Bell Potter

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.

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