The ASX 200 is up 43 points (+0.6%) still trying to regain some of Tuesday’s losses. Most sectors grinding higher with Utilities leading the way, up 1.7%. Resources performing well, up 0.6% with Gold dropping behind, down 0.3%. Tech performing very well with the All-Tech Index up 1.3%. Defensives are mixed, Telecoms and Healthcare are up 0.5% and 0.7% respectively, while Staples are down 0.2%. Banks performing well with the Big bank Basket up 0.7% to $183.99. 29 Metals (29M) plummeting 18.5% after a trading update last night. Kogan.com (KGN) up 1.5% after announcing they will acquire Barosa for $1.5m. Dow Futures are up 47 points, and NASDAQ Futures are up 16 points.
Anyone who has been in broking will tell you that the Morning Meeting is how all brokers start the day. The format is to have a quick look at the overnight markets, consider what's coming up in the day ahead, hear from the analysts, share ideas and get set up for the day's stock market activity.
