Market Update: The S&P/ASX200 opened higher following a positive lead from the US equity markets
Market Update: The S&P/ASX200 opened higher following a positive lead from the US equity markets. The pending release of China's February PMI tomorrow was the factor behind the market drifting lower, down 0.1% to 5,405 points. Financials were a little soft with all the major banks lower between 0.2% to 0.4%. Miners bounced back from recent weakness with BHP up 0.3% and RIO rising 0.5%. The AUD was steady at USD 0.8952. The SPI was down 0.2% at 5,388 points on the Sydney Futures Exchange.
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