Money AUSTRALIAN STOCKS CLOSE THE WEEK ON A SLIDE: Here's what you need to know

14:37  19 may  2017
14:37  19 may  2017 Source:   Business Insider Australia

AUSTRALIAN STOCKS SUBDUED BY THE BANKS: Here's what you need to know

  AUSTRALIAN STOCKS SUBDUED BY THE BANKS: Here's what you need to know Australian stocks closed the session lower and ended the week going nowhere. Today’s scoreboard. ASX 200. 5,836.90 -41.44 -0.70% All Ordinaries. 5,870.90 -41.13 -0.70%Today’s scoreboard:

Australian stocks closed the session, and the week , lower. Today’ s scoreboard: ASX 200: 5,727.40 -10.91 -0.19%. The major banks went on a slide with Westpac falling 5% over the week .

Australian stocks closed the session, and the week , lower. Today’s scoreboard: ASX 200: 5,836.60 -39.77 -0.68%. 10. Here ’ s what you need to know about pinchos and tapas. Yes, there’s a difference.

Investors are seeing big falls for mining stocks today. © AAP Image/Dean Lewins Investors are seeing big falls for mining stocks today. Australian stocks closed the session, and the week, lower.

Today’s scoreboard:

  • ASX 200: 5,727.40 -10.91 -0.19%
  • All Ordinaries: 5,768.90 -6.64 -0.11%
  • AUD/USD: 0.7440 +0.0022 +0.30%

The ASX200 dropped 1.1% over the five days, not recovering from a global rout over political uncertainty in the US.

The major banks went on a slide with Westpac falling 5% over the week.

Today, the ANZ closed at 28.50, down 1.8%, and Westpac at $30.83, down 1%. The NAB dropped 0.6% to $30.36 and the Commonwealth also 0.6% to $80.26.

Origin Energy shed 1.8% to $7.59 after announcing the sale of the Darling Downs LNG pipeline network for $392 million.

AUSTRALIAN STOCKS RESUME THEIR CLIMB: Here's what you need to know

  AUSTRALIAN STOCKS RESUME THEIR CLIMB: Here's what you need to know Australian stocks closed higher. Today’s scoreboard:ASX 200: 5,875.40 +35.50 +0.61% All Ordinaries: 5,911.10 +36.57 +0.62% AUD/USD: 0.7357 +0.0015 +0.20%The local market picked up again, regaining the ground lost in Tuesday's bank shares falls.Today the slide in bank shares sparked by the prospect of a new tax on big banks eased with the ANZ gaining 0.79% to close at $29.39. However, Westpac dropped 0.7% to $32.65 and the Commonwealth, which lost 3.9% on Tuesday, was down just 0.3% to $81.73. The NAB was down 0.6% to $32.20.

Australian stocks closed the session, and the week , lower. Today’s scoreboard: ASX 200: 5,836.60 -39.77 -0.68%. Aussie pot stocks storm higher: Here ’ s what you need to know .

Australian stocks closed the session, and the week , marginally lower. Today’ s scoreboard: ASX 200: 5,862.50 +6.21 +0.11%. The index is down just 0.2% for the week . The big miners went into the red.

Sirtex clawed back some ground today, closing 9.5% higher at $11.83. The shares yesterday fell almost 30% after a study found little no difference between using Sirtex spheres and chemotherapy to treat cancer.

  AUSTRALIAN STOCKS CLOSE THE WEEK ON A SLIDE: Here's what you need to know © Provided by Business Insider Inc

The Australian dollar continues to grind higher .
The Australian dollar continued to push higher on Friday, benefiting from broad-based US dollar weakness, strength in commodity prices and a noticeable improvement in investor sentiment. The AUD/USD hit a high of .7469 at one point during the session, leaving it sitting at the highest level since May 3. © Provided by Business Insider Inc Elias Haddad, senior currency strategist at the Commonwealth Bank, said that most of the move was driven by US dollar weakness which fell to a fresh six-month low during the session.

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