ASX registers the first week of gains in the past five boosted by mining and energy stocks

October 8, 2021 - 2 weeks ago
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A clean bill of health on Friday helped push the ASX to register its first week of gains out of the past five.

At the closing bell, the benchmark S&P/ASX 200 index rose +63.4 points, or +0.87% to 7,320.1, while the All Ordinaries climbed +66.1 points, or +0.88%, to 7,617.3, while our local currency, the Australian dollar, is currently buying US$0.7302 (as of writing).

Eleven sectors all ended in positive territory, with Mining, Energy, and technology were the best performing sectors.

Investors now wait for this Friday’s closely watched U.S. jobs report.

Market participants are hoping the U.S. Non-Farm Payrolls data may give some insight into the possible path of U.S. Fed monetary policy, with the consensus for 490,000 growth and a fall in the unemployment rate from 5.2% to 5.1%.

The Federal Reserve monitors the data.

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