Evening Report: Shares Rally On Broad Based Gains

The Aussie market has closed out the week on a high with the ASX 200 managing to improve across every sector on Friday, something it hasn’t been able to do all week. The benchmark index rose 58 points or 0.87% to 6793.7. Tech stocks were the best performers with Afterpay Touch (APT) enjoying a strong week of gains. Banks and miners both managed to lift as well after generally falling over the week.

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Lunch Report: Shares Rally On Weak Jobs Data

The Aussie market has rallied to intraday highs following today’s weaker than expected October jobs data. The ASX 200 was little changed but with 19,000 jobs lost over the past month, the release reinforces expectations that the RBA will; provide more stimulus to the economy in the form interest rate cuts. Banks and miners were the main underperformers early as National Bank (NAB) led losses, trading ex-dividened.

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Lunch Report: Shares Fading After Bright Start

The local market is giving up all of its early gains with the ASX 200 mostly flat heading into lunch. The benchmark index was up by 40 points at its best levels but has since fallen back with the major drag being Westpac (WBC), slumping 4.5% and wiping off roughly 14 points from the ASX 200 index alone. WBC has resumed trade after being in a trading halt following its full-year earnings release yesterday.

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Evening Report: Aussie Shares Manage To Snap Two Day Losing Streak

The local share market has rallied on Friday afternoon to snap a two day losing streak. The ASX 200 was down 30 points at its worst levels but ended the day 6 points or 0.09% higher at 6669. Over the course of the week, the index still lost 1%, falling to its first weekly decline in a month. Like yesterday, banks were the main weights but gains for health, communications and energy stocks overcame bank weakness.

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Lunch Report: Shares Dragged Lower By Banks & Health Stocks

The Aussie market is lower at lunch on Wednesday with the ASX 200 slipping 21 points or 0.3% to 6651. Markets globally are digesting mixed US earnings and Brexit developments. Local shares are being dragged lower most by health, banks and telcos while resources outperform the market. Wisetech (WTC) is also lifting as it resumes trade after dismissing allegations from a short seller.

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