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S&P/ASX 200 up 0.49% for third week of gains
The S&P/ASX 200 finished the week with another gain, lifting 0.49 per cent to 7297.0.
Welcome to the Trading Day blog for Friday, 4 June, 2021. The ASX 200 dipped at the open, but turned higher and held gains for its third consecutive up week. Westpac and ANZ are changing their views on RBA QE. Housing-related lending jumped.
Wall Street slipped, led by a retreat in technology stocks. US stocks dipped after a fall in new claims for jobless benefits raised investor worries about a tightening of monetary policy. The Nasdaq shed 1.0 per cent, the Dow slipped 0.1 per cent and the S&P 500 lost 0.4 per cent. European markets were mixed.