ASX shrugs off jobs data, buoyed by BHP, Paladin Energy, Yancoal rallies
The S&P/ASX 200 gained 32.6 points, or 0.5 per cent, to 7186.5. The All Ordinaries also rose 0.5 per cent.
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The S&P/ASX 200 gained 32.6 points, or 0.5 per cent, to 7186.5. The All Ordinaries also rose 0.5 per cent.
Bearish inflation figures in US, as well as build in oil stocks signaling decreasing demand, limit price upticks, while Saudi Russia supply cutbacks continue to put upward pressure on prices.
Oil prices retreated in early Asian trade, as concerns over China’s economic growth affected sentiment toward all commodities, ANZ said.
Outflows from materials-backed exchange-traded funds may finally be stemming, suggesting investor sentiment is starting to turn.
On a day when it was announced the Federal politicians will be paid 4% more to disappoint us, Materials led the local market higher. The S&P/ASX200 gained...