S&P/ASX 200 snaps five-day winning streak; Challenger falls 14%
Brent crude settled 0.42% higher at US$67.05 per barrel on Monday supported by a weaker US dollar, but concerns about the impact on demand from rising COVID-19 cases in India and other countries capped gains. Spot gold fell 0.3% to US$1,770.97 per ounce on Monday after touching US$1,789.77, the highest since February 25.
S&P/ASX 200 (INDEXASX:XJO) snapped its five-day winning streak by falling 0.33% to 7,042.5 points by 1.06 pm following a muted performance from Wall Street overnight, as investors awaited key earnings results.
Rio iron ore shipments rise
Rio Tinto (ASX:RIO) shares were 0.29% lower after releasing its 1Q21 update this morning.