The Australian share market and the All Ordinaries(INDEXASX: XAO)(ASX: XAO) index finished higher on Friday.
Here’s what was making waves on the Australian share market today.
- Vocus Group Ltd (ASX: VOC) – up 5%
- Webjet Limited (ASX: WEB) – up 4.4%
- Treasury Wines Estates Ltd (ASX: TWE) – up 3.5%
- BHP Billiton Ltd (ASX: BHP) – down 1.7%
- Rio Tinto Limited (ASX: RIO) – down 2.6%
- Fortescue Metals Group Limited (ASX: FMG) – down 1.4%
Australian Investing News
Making waves today and last night was the decision by US President Donald Trump to sign off on tariffs for imported steel and aluminium. The Australian dollar traded mostly sideways despite the news.
Yesterday, National Australia Bank Ltd.’s (ASX: NAB) head of FX strategy, Ray Attrill, was quoted by Fairfax as saying, “Were concern[ed] about the health of global trade to become more elevated, this could see speculative support for commodity prices weaken at the same time that risk sentiment deteriorates on a less rosy global growth outlook.”
“It’s hard to see this being anything other than negative for AUD.” – Attrill
Elsewhere, S&P Dow Jones announced their upcoming changes to the All Ordinaries and other popular Australian share market indices, such as the S&P/ASX 200 (INDEXASX: XJO). QBE Insurance Group Ltd (ASX: QBE) are among those being demoted as part of the quarterly review.
Shares in each of Australia’s big banks lifted into positive territory, with Commonwealth Bank of Australia (ASX: CBA) topping the list. The CBA share price rose 0.9%.
Looking back on the week at some of Rask Media’s most popular news stories we saw:
- Retail Food Group Limited (ASX: RFG) shares sold off after its trading halt and suspension
- Vocus Group shares rise after key management changes
- NZ Tech company Xero appoint a new CEO
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Tweet of the day
GOOD ideas start with BAD problems.
Ask “what sucks?”
And mine the past for OLD ideas + combinatorial fodder to remix into NEW ideas
Great OBIT of hand-cranked tech inventor. pic.twitter.com/2mtQTvwzPV
— Josh Wolfe (@wolfejosh) March 8, 2018