More drops for the big banks, and a rebound for gold stocks as we could be finally seeing a drop in grocery prices.

MARKET WRAP:

• ASX200: Down 0.1% or 6.4 points to 8151
• GOLD: Up 1% to $3,365 US an ounce
• BITCOIN: 1 bitcoin buying 146,200
• There were falls overnight on Wall Street, with no end in sight to the US China trade war seeing the S&P 500 snap its longest winning streak in two decades. 
• And after our week of market gains came to an end yesterday, the local bourse ended a volatile day of trade to close marginally lower.
• The ASX 200 slipped 0.1% or 6.4 points to 8151, with 4 of the 11 sectors in the red, with healthcare the worst performer, down 1.8%.
• The selloff in Australian banks continued after poor results from Westpac yesterday.
• And gold stocks rebounded, becoming some of the best performing stocks of the day.

CURRENCY UPDATE:

• AUD/USD: 64US cents
• AUD/GBP: 49 GB pence
• AUD/EUR: 57 Euro cents
• AUD/JPY: 93 Japanese Yen
• AUD/NZD: 1.08 NZ dollar