Afternoon Report Monday 27 October 2014
**ANZ Banking Group (ANZ) is currently placed in trading halt, requested until Wednesday, pending a release by the company**
The ASX 200 rallied 47 points to close at 5459, despite its Asian counterparts, such as the Hong Kong Futures currently trading down 222 at 23,096.
The banking sector led the way again, with Commonwealth Bank (CBA) closing $1.25 at $80.02 and Westpac (WBC) up 35c at $34.56, as we trade towards October Equities options expiry later this week and traders likely establishing their positions/views towards the Financial System Inquiry, due next month.
The Major Iron Ore sector closed mixed, with BHP Billiton (BHP) closing 7c higher at $33.81, while RIO closed 26c lower at $59.79 and Fortescue Metals (FMG)-12c at $3.35. As mentioned in the recent Hickman Report, we anticipate a bounce in FMG below the $3 level - watch for alerts/notes.
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