Afternoon Report Friday 31 October 2014
**The Bank of Japan surprisingly eased its monetary policy this afternoon, on concerns with a weakening oil price could decide on the fate with consumer prices and postpone the move in sentiment from deflation.**
The ASX 200 closed 50points higher at 5,527 for the day and 234 points, or +4.4% higher for the month.
ANZ Bank reported its FY14 earnings this morning, closing 24c higher at $33.50 as investors were mixed with its results; however, Macquarie Group (MQG) closed 132c higher at $61.17 after posting its better than expected earnings.
The Iron Ore sector also closed higher today, with RIO Tinto leading the sector, closing 111c higher at $60.41.
Best Sector – IndustrialsWorst Sector – Energy
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