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Morning All Thanks Trees... 21/04/2017, 24182835

  1. speckledjim1

    11,023 Posts.
    Morning All
    Thanks Trees

    SPI +28 @ 5831


    Yesterday investors boosted the ASX into the black for the first time in four sessions, thanks to solid buying support for the banks and enthusiasm for telcos.
    The benchmark S&P/ASX 200 Index closed up 0.3 per cent to 5821.
    Iron ore miners gained in early trade as shareholders enjoyed some respite from the recent collapse in the spot price of iron ore, which has fallen 8.9 per cent in the last week.
    After several days of a depressed ASX, investors found appetite for the big four banks, which finished the day between 0.6 and 1.2 per cent higher.
    Telcos also finished firmly.

    U.S. stocks rose on Thursday as more companies released quarterly results while Treasury Secretary Steven Mnuchin said the administration was close to "major tax reform."
    Mnuchin, who this week backed off of his earlier goal of passing tax reform by August, said the White House will unveil a plan "very soon." However, the Trump administration previously set deadlines for releasing its tax plan that it did not meet.
    The Dow Jones industrial average rose more than 150 points, with Goldman Sachs and American Express contributing the most gains. The credit-card giant reported better-than-expected first-quarter earnings, lifted in part by higher spending numbers from card members.
    The S&P 500 gained 0.7 percent, with financials, industrials and materials rising more than 1 percent to lead advancers. The index also closed right around its 50-day moving average, a key technical level.
    The SPDR S&P Regional Banking ETF (KRE) and the Bank ETF (KBE) rose more than 1.5 percent. Steel stocks also caught a bid after President Donald Trump said he directed the Commerce Department to prioritize a probe on foreign steel products' effect on U.S. national security. Shares of U.S. Steel surged more than 8 percent.
    The Nasdaq composite outperformed, rising 0.9 percent, and posted a record close.

    Oil prices were mixed on Thursday in a seesaw trading session, as investors weighed rising U.S. production against comments from leading Gulf oil producers that an extension to OPEC-led supply cuts was likely.
    Brent futures were last up 3 cents to $52.96 a barrel. U.S. crude futures settled down 17 cents at $50.27 a barrel.

    Copper + 1.15%
    Nickel + 1.35%
    Zinc + 4.1%
    Aluminium + 2.35

    Gold prices were ending a quieter U.S. day session slightly lower Thursday, as trader and investor attitudes have improved a bit this week, as evidenced by gains in most world stock markets. The gold market bulls are maintaining their overall near-term technical advantage, which is prompting the chart-based buyers to step in an buy dips. June Comex gold was last down $1.10 an ounce at $1,282.50. May Comex silver was last down $0.197 at $17.975 an ounce.

    HUI + .4%
    AUD Gold 41702

    AUD .7528

    Have a good day

    1 SMH
    2,3 CNBC
    4 Kitco
This thread is closed.

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