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The Market Wrap with Campbell Stevens, Business Development Manager at VanEck Australia

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Global markets await the decision by the US Fed later in the week over what it will do next with rates.

 

MARKET WRAP:

    • ASX200: down 0.47%, 7,196
    • AUD: 64.53 US cents
    • GOLD: $1,955 US/oz
    • BITCOIN: $41,856 AUD

 

  • Energy shares were among the winners
  • Santos jumped 1.1 per cent, Beach Energy rose 0.3% to $1.66
  • Whitehaven Coal rallied 1.6 per cent 
  • New Hope vaulted 2.2 per cent to $5.31 after posting a $1 billion profit on strong coal demand and record-high prices
  • Fortescue up just under 2% to close just below $20.00  
  • Syrah Resources down just under 10% to 50 cents a share.
  • Afterpay owner Block slid 4.4 per cent
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