ASX 200 ends up 0.5 per cent at 7789.7: Most sectors rise but CBA falls to four-month low; Trump flags EU alcohol tariffs; gold hits record
Australian stocks rise into the weekend. US futures soar as Trump government shutdown risks fade but trade tariff fights continue. Banks in the red. Gold miners soar as safe-haven commodity eyes new peak past $US3000 per ounce.
That's all from the Trading Day blog for Friday, March 14. The ASX 200 index closed up 0.5 per cent at 7789.7 points with eight of 11 sectors up and materials, utilities, industrials tech and health care outperforming while energy, financials and communications fell.
All the major Wall Street indexes ended in the red. The S&P 500 ended in correction territory, down 1.4 per cent - more than 10 per cent lower than its February 19 record high. The Dow Jones closed 1.3 per cent lower and the technology-focused Nasdaq shed nearly 2 per cent.
Cryptocurrency giant bitcoin is just above $US82,000. Safe-haven gold surged past $US3000 per ounce in US trading.
The Aussie dollar is trading around US62.85c.
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Originally published as ASX 200 ends up 0.5 per cent at 7789.7: Most sectors rise but CBA falls to four-month low; Trump flags EU alcohol tariffs; gold hits record
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