ASX Live Coverage: Friday, April 17
Welcome to our live coverage of the Australian Securities Exchange (ASX) for Friday, April 17. This morning will see a flurry of posts leading up to the market opening and ongoing updates throughout the day, concluding around 2:00 PM AEST.
Market Overview (8:30 AM AEST)
As of 8:30 AM AEST, ASX 200 futures have dipped by 11 points, translating to a decline of 0.12%.
Key Highlights from Overnight Markets:
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Both the S&P 500 and Nasdaq reached new all-time highs, though the increases were modest, up by 0.2-0.3%, following three consecutive days of significant gains, each exceeding 1%.
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Market breadth was positive, with the Equal-weight S&P 500 growing by 0.46% and slightly outperforming the cap-weighted benchmark by 20 basis points. This performance was bolstered by advancements in sectors such as Energy and Real Estate.
- Lithium and rare earth exchange-traded funds (ETFs) neared four-year highs, while energy stocks recovered and software stocks looked set for an impressive weekly rise.
Stay tuned for further updates throughout the trading day!
