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S&P/ASX 200 set to jump 1.6%, time to buy?

The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday, taking the S&P/ASX200 to a weekly gain of 1.6 per cent. The ASX 200 is expected to open firmly higher Monday morning, according to ASX 200 futures contracts in Sydney. 

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asx 200 market report - morning with coffee

ASX 200 flat but the Lake Resources (ASX:LKE) share price is tanking

The S&P/ASX 200 (INDEXASX: XJO) ended Thursday flat but the selloff in lithium stocks has returned once again, with the Pilbara Minerals Ltd (ASX: PLS) share price, Liontown Resources Ltd (ASX :LTR) share price and Lake Resources Ltd (ASX: LKE) share price pushing the commodities sector to a 1.5 per cent loss.

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S&P/ASX 200 set to jump 1.6%, time to buy?

The S&P/ASX 200 (INDEXASX: XJO) and All Ordinaries (ASX: XAO) reversed two straight weeks of losses, posting a 0.8 per cent gain on Friday, taking the S&P/ASX200 to a weekly gain of 1.6 per cent. The ASX 200 is expected to open firmly higher Monday morning, according to ASX 200 futures contracts in Sydney. 

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