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The Dow Jones Industrial Average has had a strong surge as industrial stocks gained after the White House trade adviser sought to play down chances of a trade war due to protectionist policies.MORE >
The ASX200 index was down 0.2 percent at 5,920.8 points, following a fall of 0.7 percent on Wednesday and a decline of 0.4 percent on Tuesday.
Thursday, 15th March, 2018
ANZ, National Australia Bank and Commonwealth Bank were all one percent weaker, and Westpac dropped 0.9 percent.
Gains among the big mining companies after a rise in iron ore prices were offset by a mixed day for the energy producers. Rio Tinto climbed two percent, BHP Billiton gained 0.8 percent and Fortescue Metals added 0.6 percent. Woodside Petroleum dropped 0.5 percent and Origin Energy shed 1.5 percent, while Santos and Oil search turned around slow starts to gain 0.6 percent and 0.4 percent, respectively.
Newcrest Mining wavered throughout the session and closed 0.5 percent lower, after the gold miner confirmed it will miss its full-year production guidance and some contracts for copper concentrate product will be unfulfilled because of the closure of its Cadia mine in NSW.
The Australian dollar is slightly weaker, trading at 78.70 US cents, down from 78.75 US cents on Wednesday.
|Equities / Fixed Interest||Close||Change||% Change|
|Currency||Close||Pts Change||% Change|
|$A vs $US||0.7866||-0.0013||-0.17|
|$A vs GBP||0.5629||
|$A vs EUR||0.6357||-0.0010||-0.15|
|$A vs YEN||83.35||-0.30||-0.36|
|$A vs $NZ||