Afternoon trading November 16

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    Thanks Oscar and morning crew.


    Half-time round-up:

    The share market pared a heavy weekly loss by edging higher for a second day after Wall Street broke its losing run.

    The ASX 200 rose three points or less than 0.1% to 5739 mid-session but remained on track for a weekly deficit of more than 170 points. While metals & mining put on 1%, energy 0.4% and and financials 0.3%, those gains were largely cancelled by declines in gold stocks -0.6%, consumer discretionary -0.8% and industrials -0.6%.

    This morning's rally was hindered by soft US equity futures following a mixed batch of after-hours quarterly earnings updates and as the British government suffered a string of ministerial resignations over Brexit. S&P 500 futures were recently down 11 points or 0.4%. Overnight, the S&P 500 rallied 1.06% to end a week-long run of losses. 

    China's Shanghai Composite added 0.1%. Hong Kong's Hang Seng shed 0.61% andJapan's Nikkei 0.22%.

    Crude oil futures crept up 17 cents or 0.3% this morning to US$56.63 a barrel. Gold futures tacked on $1.40 or 0.12%to US$1,216.40 an ounce. The dollar was buying 72.8 US cents.



    Trading: can't say I was spoilt for opportunities. Should have fluked a big win in FXL following their announcement but lost patience and took a skinny profit about five minutes before the trading halt. Argh!

 
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