Australian stocks closed the session and the week in positive territory.
- S&P ASX 200: 5,530.90 +22.89 +0.42%
- All Ordinaries: 5,626.30 +26.91 +0.48%
- AUD/USD: 0.7684 -0.0015 -0.19%
The local market kept its nose above water for the final session of the week, supported by better oil prices.
The ASX 200 closed the week 0.6% higher. The index is up 5.7% so far this financial year.
BHP closed almost 2% higher at $20.68 and Santos gained almost 4% to close at $4.73.
The banks were mixed with Westpac punished again for warning of weaker non-interest income in the third quarter. The bank lost 1.33% to close at $29.62. The NAB added 1.5% to close at $26.95.
Suncorp went ex-dividend and dropped 4% to close at $13.15.
The top stories:
1. Housing. There’s a brutal mathematical explanation for the fall in home ownership among young Australians.
2. Secret bank love. Westpac’s $5 billion US debt issue shows foreign investors still love Australian banks.
3. The next big Australian medtech company? A new device, SOZO, a kind of high tech set of bathroom scales, for ImpediMed.
4. Atlassian’s secrets to running better teams. The company has decided to give away its set of internal tips and tricks for running teams and its health monitors for projects.
5. PODCAST. With Stephen Koukoulas on the ABS after the census debacle, fiscal policy, and Twitter
6. What the IMF official said during the mid 1990s. Glenn Stevens buried a bombshell footnote about the IMF in his last speech as RBA governor.
7. The census disaster. Here’s the best insider’s explanation yet of what might have happened on Census night.
8. A bit of an update. The Sydney Opera House has revealed designs for a $202 million refurbishment of the World Heritage-listed site.
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