Market Update: The S&P/ASX200 opened higher in the morning following the positive lead from the US and European equity markets overnight but drifted lower...

Bell Potter

Stockbroker

Market Update: The S&P/ASX200 opened higher in the morning following the positive lead from the US and European equity markets overnight but drifted lower during the day to be down 0.1% to 5,433 points. Soft iron ore price overnight have negatively impacted resources sectors. BHP was down 0.8% and RIO was 0.9% lower. The banks were mixed with NAB up 0.5% while the other three were between 0.1% to 0.5% lower. The AUD jumped back above USD 0.90 last night and is currently trading at USD 0.9028. The SPI was down 0.1% at 5,419 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.

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