The Market Wrap with Evan Luca, Independent Analyst

Money News

The stimulus that many thought would come from China hasn’t appeared, sending global markets backwards today.

MARKET WRAP:

• ASX200: down 0.35% to 8,176
• GOLD: $2,655 US/oz
• BITCOIN: $93,739 AUD

• CSL had a healthy day up just under 1 ½ per cent to $292.52, with Cochlear nearby, closing up by 0.6% to $293.43
• After a turbulent few weeks in the aviation space Qantas closed up 1% to to $7.13
• Macquarie Bank is likely to benefit from US rate cuts supporting confidence in global M & A activity shares up to $229.58
• And West African resources bounced back after falling 20% yesterday to close up 7% to $1.44
• Iron ore futures backwards to $US 107 a tonne, hampering our local miners
• Aristocrat Leisure stocks were sold off late in the day, down to $57.74

CURRENCY UPDATE:

• AUD/USD: 67.27 US cents
• AUD/GBP: 51.4 pence
• AUD/EUR: 61 Euro cents
• AUD/JPY: 99 Japanese yen
• AUD/NZD: 1.09 NZ dollars

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