The local market opened higher on global investor buying before reporting season and sliding currency had both local and global investors locking in profit through the day. US remains the main risk with weaker economic data and continued effects of the pandemic are not being buffered by new consumer bailout deals. The election year means we are unlikely to see a quick resolution between the layers of government while geopolitical risks are likely to keep rising. The best three performing sectors were property, energy and industrials while the worst three were health care, utilities and banks. US market had tech, property and gold as the only positive sectors overnight with employment data delivering negative news on the economy.

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