The Market Wrap with Carl Capolingua Content Editor at Market Index

Money News

With real estate listings at the best point since 2015, is this the higher interest rates finally coming home to roost?

MARKET WRAP:

• ASX200: up 0.13%, 8,187
• GOLD: $2,632 US/oz
• BITCOIN: $93,780 AUD

• With the materials sector hampered by falling iron prices yet again, Fortescue dropped by 1.5% to $18.97 & Rio Tinto slid by 2.2%, Mineral Resources tanked a whopping 6.4% and BHP fell 1.16% to $43.28
• Brent Crude fell more than 4% overnight, now buying around $77 US a barrel, which saw Woodside and Santos both weaker.
• Elsewhere and Pilbara minerals lost 5% to $2.85
• Whitehaven coal lost just under 3% to $7.01
• Goodman Group and James Hardie both taking a tumble.
• REA Group, which closed up 2% to $216.50 with national listings in September at their highest since 2015.
• By association Domain Holdings also closed up 1.5% to $3.29
• ZIP closed up 6% to $2.89 a fresh 52 week high maintaining its momentum in the buy now pay later space
• And Pro Medicus lifted 4% to $186.63.

CURRENCY UPDATE:

• AUD/USD: 67.30 US cents
• AUD/GBP: 51.5 pence
• AUD/EUR: 61 Euro cents
• AUD/JPY: 99 Japanese yen
• AUD/NZD: 1.10 NZ dollars

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