Iron ore prices have lifted to the highest point since February, so will this spark a good run for the miners?
MARKET WRAP:
- ASX200: down 1.02% to 8,668
- GOLD: $3,364/oz
- BITCOIN: $182,070
- Commbank & ANZ both lost 2.5%, Westpac was down 3.6%, while NAB was 2.4% lower.
- Insignia Financial was also on the slide, down 6.2% to $3.93 after it told investors talks were ongoing with CC Capital.
- While other big fallers included Aristocrat, Pro Medicus and Coles.
- AMP delivered a positive quarterly super net cashflows for the first time since 2017. Shares finished almost 10% higher to $1.68.
- Block – the owner of BNPL service Afterpay – saw its shares soar over 11% after news that it would be added to the S&P 500 Index.
- Iron ore futures climbed to over $104 US a tonne sent BHP, Fortescue and Rio Tinto all climbing
CURRENCY UPDATE:
- AUD/USD: 65.2 US cents
- AUD/GBP: 48.4 British pence
- AUD/EUR: 56 Euro cents
- AUD/JPY: 96 Yen
- AUD/NZD: 1.09 NZ dollars
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