Market Update: The S&P/ASX200 inched up to 5,439 points despite the US and European equity markets finishing lower last night
Market Update: The S&P/ASX200 inched up to 5,439 points despite the US and European equity markets finishing lower last night. The gains in financials offset weaknesses in resources. All the major banks were higher between 0.2% to 0.8%. Iron ore prices fell again overnight. BHP was down 1.1% and RIO fell 2.3%. The AUD is currently trading at USD 0.9008. The SPI was up 0.3% at 5,427 points on the Sydney Futures Exchange.
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