Woodside will kick off a huge new project in the US, but will this lead to better earnings in a sector that’s been under pressure?

MARKET WRAP:

• ASX200: up 0.92% to 8,070
• GOLD: $3,354 US/oz
• BITCOIN: $147,858 AUD
• Mineral Resources shares closed 13.2% higher to $20.57 after saying it would cut its output of iron ore
• Boss Energy jumped 14.3% higher to $3.20
• Fortescue’s shipping of 46.1 million tonnes of iron ore across the three-month period, sent shares up 5.8% to $16.37.
• Northern Star downgrading its full-year gold output guidance – with shares down 4.7%.
• Auckland International Airport shares 4% lower
• Going backwards were Woolworths, Resmed, and James Hardie

CURRENCY UPDATE:

• AUD/USD: 64.3 US cents
• AUD/GBP: 47.9 pence
• AUD/EUR: 56 Euro cents
• AUD/JPY: 91 Japanese yen
• AUD/NZD: 1.07 NZ dollars