Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.
Half-time wrap:
Aussie stocks clambered off a five-week low as rebounds in gold miners and US stocks helped soothe market jitters.
The ASX 200 bounced 15 points or 0.17% by mid-session. The Australian stock benchmark closed yesterday at its weakest since late September after AI bubble fears re-emerged on Wall Street.
The gold mining sub-sector rallied 2.5% this morning towards its first gain in four sessions after risk aversion boosted precious metals. Spot gold bounced almost 1.5% overnight. Here, Emerald Resources, Westgold and Bellevue Gold all gained at least 4%.
The spec sector caught a welcome reprieve from three weeks of steady selling. The Emerging Companies index bounced 0.7% off a six-week low.
The financial sector was held back by a poorly-received trading update from NAB. The bank's shares eased 3.55% after it reported a 2.9% contraction in net profit.
The S&P 500 firmed 0.37% overnight after October private payrolls increased more than expected, soothing concerns that the labour market was slowing dramatically.
Personal trading: Fascinating how quickly the market mood changes. My watchlist this morning is about half the size it was last week. It took two minutes to go through Ravgnome's list of breakout movers (a great resource for potential trades) when last month it warranted half an hour each morning. So I was wary - too wary, it turned out since I missed a few bounces. Got a few OD6 back at support, but not enough to matter.
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Afternoon trading November 6
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