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The Market Wrap with Elio D'Amato, Stockopedia

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The ripples of the US election continue, with the appointment of RFK Jr to the Health Department potentially causing headaches for companies like CSL.

MARKET WRAP:

  • ASX200: up 0.18%, 8,300

  • GOLD: $2,587 US/oz

  • BITCOIN: $142,098 AUD

  • BHP 0.7% higher, Fortescue up 1.2% and Rio Tinto up 2.2%.

  • Coal miner New Hope saw its shares gain 2.3% to $4.81 after it reported a jump in production growth, higher prices and lower costs across the first quarter.

  • Paladin and Boss Energy were up 5.5% and 7.3% respectively following a decision by Russia late last week to limit exports of nuclear fuel to the US.

  • Lovisa dropped 3.8% and Cettire down 4%.

  • Life360 was down 6.7% after its co-founder & CEO sold off shares in the company. 

  • While there was a fall of 1.7% for CSL & 2.2% for REA Group.

CURRENCY UPDATE:

  • AUD/USD: 64.57 US cents

  • AUD/GBP: 51.1 pence

  • AUD/EUR: 61 Euro cents

  • AUD/JPY: 100 Japanese yen

  • AUD/NZD: 1.10 NZ dollars

 

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