Dianne Colledge, Private Client Adviser at Morgans

Money News

Hurricane Milton is ripping the US east coast apart, but could it have an impact on ASX listed companies in the insurance building space.

MARKET WRAP:

• ASX200: up 0.44%, 8,223
• GOLD: $2,633 US/oz
• BITCOIN: $93,887 AUD

• BHP rose 1.4% to $43.90 and lithium producer Pilbara Minerals closed up 2.4% to $2.92.
• Some of the smaller miners such as Lake Resources jumped 11% and Liontown resources closed up 5% to 83 cents.
• Rio Tinto also had a good day closing up 1.3% to $119.87, but was helped by its deal to acquire Arcadium Lithium. Shares in Arcadium rose by 38% to $8.20..
• On the other side of the coin was Cochlear which has dropped around 17% in recent months from its all time high and today fell 1.55% to $290.43.

CURRENCY UPDATE:

• AUD/USD: 67.28 US cents
• AUD/GBP: 52.3 pence
• AUD/EUR: 62 Euro cents
• AUD/JPY: 100 Japanese yen
• AUD/NZD: 1.10 NZ dollars

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