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Monday , August 21 2017
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Australian stocks lose 20pts at start

Australian stocks lose 20pts at start

PERTH: Local shares saw a diverse start to trade on Wednesday after the powerful gains of the earlier session.
The ASX 200 opened with a loss of 20 points, however those levels found buying support and over the ensuing hours the market was able to fight its way back into positive territory. At the best levels of the morning the index was up by 50 points and as lunchtime loomed every ASX sector was in positive territory.
The news pulse from the US and Europe was generally positive overnight with solid gains on both continents as the SP 500 rose by 0.64% on positive economic news. In Europe shares generally rose as energy stocks responded to the higher oil prices a day earlier. The FTSEurofirst 300 index rose by 0.5% and the UK FTSE rose by 1.3%. But the German Dax lost 0.3% after trading just short of record highs during the session.