Australia Overnight, flat results
ASX200 -9pts (-0.20%) to 4891
AUD/USD 1.0362 (+0.3%)
GOLD US$1451.65 (+0.3%)
Australian stocks are trading lower, taking a breather from the recent rally and lack of direction from offshore and profit taking. Home loan data revealed ongoing softness in economic activity outside of mining related sectors – Home loans for February -5.6% vs -2% expected. Volumes have been light.
TURNOVER $2.2BN (Average)
BEST: Health care, Consumer staples, Materials
WORST: Industrials, Consumer Discretionary, Energy