The Market Wrap with Evan Lucas, Independent Analyst

Money News

The US election is not far away, so how would a presidency of Donald Trump or Kamala Harris affect the financial markets?

MARKET WRAP:

• ASX200: down 1.66% to 8,205
• GOLD: $2,747 US/oz
• BITCOIN: $100,816 AUD

• REITs fell, with Lendlease down 2.6% to $6.74, Charter Hall dropped 3.5% to $15.68, and Stockland Group sank 2.4% to $5.24.
• Mirvac on its update managed to sneak past, shares flat at $2.19.
• The banks took a hit, with Commbank down 2.2%, NAB losing 2.1%, Westpac 1.8% lower and ANZ off by 0.8%
• Viva Energy dropped 6.7% on an outlook of softer retail conditions.
• Metcash fell 6.2%, James Hardie dropped 4.7%, and Mineral Resources down 4.3%
• A lift in output for mining company Stanmore Resources helped its shares up 3.4%.
• Escaping losses were Coles, up 0.3%, Graincorp, up 0.8%, and Pilbara Minerals, up 0.7%.

CURRENCY UPDATE:

• AUD/USD: 66.85 US cents
• AUD/GBP: 51.4 pence
• AUD/EUR: 61 Euro cents
• AUD/JPY: 100 Japanese yen
• AUD/NZD: 1.10 NZ dollars

See omnystudio.com/listener for privacy information.