Australian stocks climbed for the first time this week, following a strong lead overnight from global stock markets.
ASX 200: 5,670.40 +6.12 (+0.11%)
All Ordinaries: 5,731.50 +5.98 (+0.10%)
AUD/USD: 0.7820 -0.0029 (-0.37%)
In a relatively quiet day’s trade, the local market gained some early momentum before running out of steam later in the session.
The ASX200 financials index rose by 0.44%, with three of the big four banks closing higher while ANZ dipped slightly. Macquarie bank rose by 2.24% on the session.
Resources weighed on the index, with Fortescue down more than 3% while BHP and Rio both finished more than 1% lower.
Among other notable movers, billionaire Solomon Lew’s Premier Investments climbed by more than 3%, and Bluescope Steel was also more than 3% higher.
1. Job vacancies at a record: It’s a good time to be looking for a job in Australia — the number of jobs available in the three months to August was the highest level on record.
2. AI takes over the world of finance: A $96 billion hedge fund uses algorithms based on artificial intelligence to make trends, and the model works surprisingly well.
3. Bitcoin may split again: Bitcoin has been on another charge this week, amid reports that the currency may split again following the creation of Bitcoin Cash in August.
4. The Amazon effect: The Amazon juggernaut continues, as the company has just rolled out a suite of ambitious new products.
5. Aussie dollar still sliding: The Aussie dollar dipped again overnight and continued to fall in Asian trade, largely due to renewed strength in the US dollar.
6. Crypto trader making six figures: A 29-year old high school dropout in the UK is making hundreds of thousands of dollars trading cryptocurrencies.
Business Insider Emails & Alerts
Site highlights each day to your inbox.