The Market Wrap with Evan Lucas, Independent AnalystThe US election is not far away, so how would a presidency of Donald Trump or Kamala Harris affect the financial markets?
MARKET WRAP:
ASX200: down 1.66% to 8,205
GOLD: $2,747 US/oz
BITCOIN: $100,816 AUD
REITs fell, with Lendlease down 2.6% to $6.74, Charter Hall dropped 3.5% to $15.68, and Stockland Group sank 2.4% to $5.24.
Mirvac on its update managed to sneak past, shares flat at $2.19.
The banks took a hit, with Commbank down 2.2%, NAB losing 2.1%, Westpac 1.8% lower and ANZ off by 0.8%
Viva Energy dropped 6.7% on an outlook of softer retail conditions.
Metcash fell 6.2%, James Hardie dropped 4.7%, and Mineral Resources down 4.3%
A lift in output for mining company Stanmore Resources helped its shares up 3.4%.
Escaping losses were Coles, up 0.3%, Graincorp, up 0.8%, and Pilbara Minerals, up 0.7%.
CURRENCY UPDATE:
AUD/USD: 66.85 US cents
AUD/GBP: 51.4 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 100 Japanese yen
AUD/NZD: 1.10 NZ dollars