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Indices: Australian ASX 200

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The ASX200 has enjoyed a strong start to the week with yesterday’s +1% taking the index back to almost unchanged for September following the major jitters early last week – in today’s market a week is clearly a long time! Buying was broad-based on Monday with well over 70% of stocks advancing led as was expected by the Resources Sector e.g. Sandfire Resources (SFR) +3.6% BHP Group (BHP)…

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The ASX200 is set to open up strongly this morning within striking distance of  the psychological 7000 area– if the ASX follows Fridays rally in the US we should see the Resources and IT stocks outperform today.

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