1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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Israeli attacks in Lebanon stole headlines in early hours of the morning, dampening local investor sentiment despite a further surge on Wall Street. Following a harsh selloff at the open, the S&P/ASX200 partially recovered to close the day down only 5 points to 8,724.40 points.
On the data docket, the Fair Work Commission handed down the wage decision which increased the minimum wage of $24.95 an hour to $26.44 for 100,000 Aussies.
Turning to the equity front, banks came under pressure - led by ANZ which trimmed 3% in line with broader financial sector pressure.
Although it was the uranium producers who posted the largest losses, with Paladin Energy and Deep Yellow falling 6.4% and 5.5% respectively over production uncertainty.
In company news, Northern Star rose 6.8% after activist investor Elliott Management called for urgent operational improvements, with takeover speculation also helping to lift the gold miner.
Meanwhile in another strategic shakeup, Wesfarmers noted it will transfer its Blackwoods and Workwear businesses into Bunnings from the 1st of July, aiming to strengthen its market position.
Elsewhere 4DMedical has launched a clinical evidence program to accelerate entry of its CT:VQ imaging technology into the acute pulmonary embolism market, yet trimmed 5.6% following a strong open.
Tonight, Bank of England Governor Bailey speaks, while US JOLTS data is published.
