S&P/ASX 200 ends down 0.3% in quiet trading as banks, health care and communications weigh

ASX retreats further as banks, health care and communications weighed, while resources rose on commodity gains. 

The ASX 200 on Monday hit a record intraday high. Picture: AAP

Welcome to the Trading Day blog for Tuesday, June 1. The ASX 200 is regaining ground after the RBA held the cash rate at a record low. Global markets slipped amid quiet trade, with Wall Street and London closed.

Locally, the home price boom powers on, with a 2.2pc lift in May. The ABS building approvals, company profits and current account figures all prompted GDP forecast revisions with the economy expanding.

Originally published as S&P/ASX 200 ends down 0.3% in quiet trading as banks, health care and communications weigh

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