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Here are the best and worst #ASX200 performers this week.
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Aussie shares surged on Friday on renewed hopes of a Middle East peace deal. The #ASX200 jumped 171pts or 2% to 8,804. Nine of 11 sectors advanced, led by miners ( 4.1%), while energy lagged as oil prices softened.
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[REPORT] Week Ahead: SpaceX and key interest rate decisions take centre stage commsec.com.au/content/dam/E… #ausecon
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The Aussie market has opened higher, with the #ASX200 surging by 132pts or 1.5% to 8766. Follows a strong lift across US equities as President Trump said he cancelled planned strikes against Iran. With the exception of energy & telco stocks, all other sectors are higher.
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The Aussie sharemarket is expected to open strongly, with index futures 1.6%. That's after a surge on Wall Street after Donald Trump cancelled plans to strike Iran. The S&P 500 was up 1.8% and the Nasdaq soared 2.5%. #ausecon
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Base metal prices rose on easing Middle East tensions. Copper futures were 0.2% higher whilealuminium futures climbed 0.4%. #ausecon
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Looking Ahead: In the US, SpaceX will make its stock market debut on Friday, listing at US$135 per share with a valuation of US$1.77tn. Meanwhile, the University of Michigan’s consumer sentiment survey for June is also released today. #ausecon
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Aussie shares eased on Thursday amid ongoing Middle East uncertainty. The #ASX200 slipped 20pts or 0.2% to 8,633. Only 4 of 11 sectors fell, but bank losses weighed on the index while tech lagged. Energy outperformed on higher oil prices.
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The Australian share market has opened lower, with the #ASX200 down 70pts or 0.8% to 8582. US markets fell heavily as softer than expected core CPI was offset by escalating tensions in the Middle East. Declines from financials & materials are weighing most on local trade.
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The #ASX is expected to open lower, with index futures down 0.7%. It follows an ugly night on Wall Street, with the S&P 500 down 1.6% and the Nasdaq losing 2%, on renewed tensions between the US and Iran and further falls in tech shares. #ausecon
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#Gold futures plunged as fears of a wider US-backed war with Iran stoked concerns about interest rate hikes to curb rising inflation. The futures settled 3.6% lower at US$4,133 an ounce. #ausecon
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Looking Ahead: In Australia, the Melbourne Institute's survey of inflation expectations is out. In the US, the PPI for May and weekly jobless claims are released. In Europe, the ECB will hand down its interest rate decision, with rates expected to be kept steady at 2.15%.
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