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Australian equities slide at close of trade
On Friday, Australia stocks inched down after the close. It’s because dips in the Financials, Energy and also Telecoms Services sectors put pressure on equities.
The S&P/ASX 200 lost 0.39% demonstrating a fresh 1-month drop.
Rising respectively 4.85%, 3.25% and 3.26% the benchmarks Syrah Resources Ltd, Resolute Mining Ltd and Isentia Group Ltd appeared to be the best performers of the session on the S&P/ASX 200.
Meanwhile, the worst performance was demonstrated by Flexigroup Ltd, Breville Group Ltd and Retail Food Group Ltd. They slid 3.81%, 3.43% and 3.22% respectively.
Diving equities managed to supplant jumping stocks on the Sydney Stock Exchange by 590 to 588, while 383 concluded intact.
Equities in Flexigroup Ltd went down to 5-year minimums, dipping 3.81% trading at 1.577.
Estimating the implied volatility of S&P/ASX 200 options, the S&P/ASX 200 VIX slumped 0.18% trading at 13.553.
The currency pair AUD/USD grew 0.89% trading at 0.8120, AUD/JPY jumped 0.26% hitting 87.50.
The market has started the week with a mixed sentiment…
The US NFP will be published on August 7 at 15:30 MT time.
The market sentiment is indeed risk-on today. Stocks, riskier currencies and gold are rising amid the waning US dollar.