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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.

Australia’s sharemarket has been buoyed this week by a rise in oil prices. Picture: AAP
Australia’s sharemarket has been buoyed this week by a rise in oil prices. Picture: AAP

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.

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Original URL: https://www.theaustralian.com.au/business/trading-day/trading-day-asx-set-to-edge-up-wall-street-wobbles/live-coverage/b56fefddf23724a76bd1ebc6a7f17871