1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
Preparing video
An early surge on the Australian sharemarket cooled as the session wore on, as conflicting signals around US-Iran peace talks unsettled investors.
Despite a 1.3% surge on the open, the S&P/ASX200 ended the day higher by 0.16% to 8,379.40 points.
Following an 11% drop overnight, oil retraced partial gains over the session climbing back above the US$100 a barrel threshold. At home, heavyweight Santos shed 2.6% bucking the rebound in crude prices.
Equity gains were led largely by the materials sector, with the sector up 3.2%. BHP gained 3% along with Rio Tinto, which climbed 2.2%.
In company news, Myer's first-half sales rose 24.5% after a record Black Friday, although the positive report wasn’t enough to sway investors from the broader selloff, seeing the stock slip 0.1%.
In the C-suite, Aussie Broadband co-founder Phil Britt has resigned as a non executive director; its share price rose 1.6%.
Tonight, the US Flash Manufacturing PMI is released as investors continue to monitor US President Trump’s threats on Iranian energy infrastructure.
