ASX 200 hits two-month high; gold miners gain; Block leads tech losses
ASX rises for the third straight week. Miners gain on commodity prices, RBA tips jobless rate to fall further, Block drops on revenue hit and investors sell energy stocks.
Welcome to the Trading Day blog for Friday, August 5. The Australian sharemarket ends the week the stronger as the bourse posts its best close since early June.
The S&P/ASX 200 closed 0.6 per cent higher to 7015.60 to end the week 1 per cent stronger.
On Wall Street, The Dow Jones index fell by 86 points or 0.3 per cent to 32,726.82. The S&P 500 index fell by 0.1 per cent to 4,151.94 and the Nasdaq index lifted 52 points, or 0.4 per cent, to 12,720.58.
US 10-year yields fell by 9 points to near 2.66 per cent and global brent crude oil fell by around 2.5 per cent with prices at the lowest levels since the Russian invasion of Ukraine.
Singapore iron ore futures are slightly higher to $US106.90 for August delivery in morning trade.
The Australian dollar has risen this morning to be near US69.70 cents at 11.52am AEST.
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ASX 200 down as NAB, Santos, MinRes hit
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RBA delivers ‘hawkish’ rate cut; ASX down
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