Australian shares closed higher.
- ASX 200: 5,726.60 +38.53 +0.68%
- All Ordinaries: 5,775.30 +37.27 +0.65%
- AUD/USD: 0.7944 +0.0021 +0.27%
The ASX200 regained the 5700 mark and recouped Monday’s losses.
The miners and the big four banks all made up lost ground.
The Commonwealth Bank added 0.85% to $84.28 and BHP was up 0.6% to $24.56.
Blood products group CSL was up 2% to $128.56, national airline Qantas 1.5% to $5.32 and travel agent Flight Centre 3.5% to $44.23.
Vicinity Centres added 3.4% to $2.71 after the shopping centre operator announced a plan to buy back 5% of its shares.
1. Weak Australian wage growth. ” … the weakness in wages is entrenched and will be difficult to remedy.”
2. Taking on Amazon. Super Retail starts restructuring by throwing everything at its Rebel sports stores.
3. 8 stocks to watch in Australia this earnings season. Equity analysts from Macquarie Banklook at companies best-placed to beat market forecasts.
4. Coke and Woolworths, again. Reports that Woolworths will stop stocking most of Coca-Cola Amatil’s Mount Franklin water range. Its shares fell 3.8% to $8.23.
5. Strong trading for Kogan.com. For the June quarter, the company closed with cash of $32 million. Its shares jumped 5.8% to $2.17.
6. Sydney fashion rental startup GlamCorner just raised $4.2 million. AirTree Ventures lead a group of big name investors from the rag trade.
7. An Australian Bitcoin exchange startup just raised $815,000. Melbourne-based Bitcoin.com.au says the raising was oversubscribed by double the original target amount.
8. The mood of Australian households seems to rise and fall with the Aussie dollar. Today’s ANZ-Roy Morgan Australian consumer confidence data.