Australian Investment Blog

• The ASX 200 continued its strength, closing 40 points higher at 5322, paring all of Monday’s losses.• The Banking sector started off strong, only to fade by the afternoon, with ANZ up only 0.2% at $31.77 and Commonwealth Bank (CBA) up 0.8% at $81.40.• Some short covering seemed apparent, with Fortescue Metals (FMG) ending 5.5% higher at $2.73 while BHP closed only 0.1% higher at $30.44.• Regis Resources (RRL) had a stellar close, ending up 3.2% at $1.435. We remain bullish gold.• With a weaker GDP reported for the quarter, the thought of a rate cut in 2015 builds in investors’ eyes!

Best Sector – UtilitiesWorst Sector – Telecommunication Services