ASX expected to open flat as investors anxiously anticipate the outcome of this weekends G20 summit

Futures were down 2 points at 8.30am AEDT with the ASX expected to open flat as investors anxiously anticipate the outcome of this weekends G20 Trump/Xi meeting in Argentina, President Trump was quoted “I think we’re very close to doing something with China but I don’t know that I want to do it” as he left the white house to fly to the summit. Wall Street's trading session finished slightly lower with the S&P 500 down 0.22% and the NASDAQ down 0.25%.

Yesterday saw the likes of Afterpay (APT) and Altium (ALU) share price jump out the gate and finish the day 8% higher. Wisetech Global (WTC) reached as far as 10% up during the trading session finishing the day at a respectable +6%. The major mining stocks led the index gains on Thursday after base and bulk metals rallied Wednesday. BHP led the materials sector, rising 1.2 per cent to $30.98, Rio Tinto (RIO) climbed 1.7 per cent to $73.25 and South32 (S32) rose 1.6 per cent to $3.14.

Rivkin will be hosting a live webinar Tuesday 4th December at 6:30pm centred around systematic methods. Emphasising the importance of rules based strategic investing over the long term. We encourage you to attend, register here


Market Data:

-    10-year yield US 3.03%

-    Iron ore +0.2% to $US66.51 a tonne

-    US oil +3.6% to $US52.08 a barrel

This article was written by Luke Bell - Rivkin Team Manager, Rivkin Securities Pty Ltd. Enquiries can be made via luke.bell@rivkin.com.au or by phoning +612 8302 3633.

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