A piece of US labour market data was enough for Wall Street to put on big gains in thin trading, pushing the S&P/ASX 200 firmly higher on Friday. Link trades ex-Pexa.
Australian shares are on track to finish the final session of the year in the green, putting the benchmark on track for an annual loss of less than 5 per cent.P/ASX 200 Index rallied 0.8 per cent or 53.3 points to 7073.4. On Thursday, shares closed at a, US stocks rallied after data allayed fears of a supercharged jobs market that would support a more aggressive policy path. US Treasury yields ticked lower and a gauge of the dollar declined.
The tech-heavy Nasdaq 100 outperformed, with gains approaching 3 per cent. Tesla put on 8.1 per cent to $US121.82, with tech giants including Apple, Amazon and Microsoft also among the biggest gainers.February Brent crude fell 1.2 per cent to $US82.26 a barrel, and West Texas Intermediate 0.7 per cent to $US78.40 a barrel in the futures market.Link shares traded for the first time without the right to receive the Pexa in specie distribution, showing a 44 per cent decline to $1.84.
The majority of the Warrego board recommends the Hancock offer in the absence of a better deal, but the recommendation is not unanimous: chairman Greg Columbus rejects the Hancock offer and recommends the Strike deal.is the Markets editor. She covers equities, bonds, currencies and the economy with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom.
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