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The Market Wrap with Tony Sycamore, Market Analyst, IG Australia

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MARKET WRAP:

  • ASX200: up 0.37%, 8,224

  • GOLD: $2,557 US/oz

  • BITCOIN: $139,317 AUD

  • The ASX 200 broke a losing streak to close up 0.4%

  • Accounting software company Xero released its half-year earnings with shares finishing 5.9% higher to $171.

  • Farm chemical supplier Nufarm saw its shares gain 6% despite a 29% fall in underlying earnings.

  • Commbank up 2.2%, NAB up 1%, Westpac up 1.3% and ANZ up 1.2%.

  • BHP down 1.3% and Fortescue down 1.9%.

  • Resmed down 2.5% and Bluescope Steel down 2.4%.

CURRENCY UPDATE:

  • AUD/USD: 64.65 US cents

  • AUD/GBP: 51.0 pence

  • AUD/EUR: 61 Euro cents

  • AUD/JPY: 100 Japanese yen

  • AUD/NZD: 1.10 NZ dollars

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