The Market Wrap with Kate Hanrahan, Private Client Adviser, Sequoia Wealth Management

Money News

Growth in its cloud computing business helped Alphabet – the parent company of Google – to a decent quarterly update.

MARKET WRAP:

• ASX200: down 0.83%, 8,284
• GOLD: $2,798 US/oz
• BITCOIN: $110,150 AUD

• Consumer Staples dropped 3.6% led by a disappointing update from Woolworths
• Star Entertainment fell 3.8% to 25.5 cents a share with quarterly earnings showing a loss of $18 million.
• Commbank down 0.9%, NAB down 1.2%, ANZ down 1.1% and Westpac down 0.7%.
• Pilbara Minerals shares up 1.1% to $2.88, even though the company cut its guidance
• Real Estate shares were higher, with Goodman up 1.2%, and Dexus up 0.7%.
• Gains for Aristocrat Leisure, Pro Medicus and Telix Pharmaceuticals

CURRENCY UPDATE:

• AUD/USD: 65.56 US cents
• AUD/GBP: 50.4 pence
• AUD/EUR: 60 Euro cents
• AUD/JPY: 100 Japanese yen
• AUD/NZD: 1.09 NZ dollars

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