The stimulus that many thought would come from China hasn’t appeared, sending global markets backwards today.

MARKET WRAP:
ASX200: down 0.35% to 8,176
GOLD: $2,655 US/oz
BITCOIN: $93,739 AUD
CSL had a healthy day up just under 1 ½ per cent to $292.52, with Cochlear nearby, closing up by 0.6% to $293.43 
After a turbulent few weeks in the aviation space Qantas closed up 1% to to $7.13
Macquarie Bank is likely to benefit from US rate cuts supporting confidence in global M & A activity shares up to $229.58 
And West African resources bounced back after falling 20% yesterday to close up 7% to $1.44
Iron ore futures backwards to $US 107 a tonne, hampering our local miners
Aristocrat Leisure stocks were sold off late in the day, down to $57.74

CURRENCY UPDATE:
AUD/USD: 67.27 US cents
AUD/GBP: 51.4 pence
AUD/EUR: 61 Euro cents
AUD/JPY: 99 Japanese yen
AUD/NZD: 1.09 NZ dollars

The stimulus that many thought would come from China hasn’t appeared, sending global markets backwards today.
MARKET WRAP:
<ul>
<ul>
<li aria-level="1">ASX200: down 0.35% to 8,176</li>
<li aria-level="1">GOLD: $2,655 US/oz</li>
<li aria-level="1">BITCOIN: $93,739 AUD</li>
</ul>
</ul>
<ul>
<li aria-level="1">CSL had a healthy day up just under 1 ½ per cent to $292.52, with Cochlear nearby, closing up by 0.6% to $293.43 </li>
<li aria-level="1">After a turbulent few weeks in the aviation space Qantas closed up 1% to to $7.13</li>
<li aria-level="1">Macquarie Bank is likely to benefit from US rate cuts supporting confidence in global M &amp; A activity shares up to $229.58 </li>
<li aria-level="1">And West African resources bounced back after falling 20% yesterday to close up 7% to $1.44</li>
<li aria-level="1">Iron ore futures backwards to $US 107 a tonne, hampering our local miners</li>
<li aria-level="1">Aristocrat Leisure stocks were sold off late in the day, down to $57.74</li>
</ul>
CURRENCY UPDATE:
<ul>
<li aria-level="1">AUD/USD: 67.27 US cents</li>
<li aria-level="1">AUD/GBP: 51.4 pence</li>
<li aria-level="1">AUD/EUR: 61 Euro cents</li>
<li aria-level="1">AUD/JPY: 99 Japanese yen</li>
<li aria-level="1">AUD/NZD: 1.09 NZ dollars</li>
</ul>

Join Deborah Knight for Money News, the most respected business program on radio.


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Join Deborah Knight for Money News, the most respected business program on radio.
 If you crave the latest insights into super &amp; small business, interest rates &amp; investment, and economics &amp; e-commerce, then the team at Money News has everything you need to know.
 Add your voice to the conversation Monday to Thursday 7pm to 8pm by calling 131 873, texting 0460 873 873, or emailing <a href="mailto:moneynews@2gb.com">moneynews@2gb.com</a>

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