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The ASX 200 is targeting a 2016 high

Local shares continued to rally today, following the lead set by international equity markets after commodity prices soared overnight.

Here’s a quick recap:

  • S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) up 0.7% to 5388 points
  • ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) up 0.7% to 5470 points
  • AUD/USD at US 76.04 cents
  • Iron Ore at US$59.38 a tonne, according to the Metal Bulletin
  • Gold at US$1,338.78 an ounce
  • Brent oil at US$47.92 a barrel

We’ll start off with the negatives. Carsales.Com Ltd (ASX: CAR) shares lost 2.3%, while South32 Ltd (ASX: S32) and JB Hi-Fi Limited (ASX: JBH) shed 1.8% each.

Meanwhile, gold miner EVOLUTION FPO (ASX: EVN) lost 0.7%, but Independence Group NL (ASX: IGO) more than made up for it, soaring 7.6%.

Blackmores Limited (ASX: BKL) also gained 7.4% after an optimistic earnings forecast from Credit Suisse, while Fortescue Metals Group Limited (ASX: FMG) rose 5.5%.

BHP Billiton Limited (ASX: BHP) gained 3.3% to $20.58, while Australia and New Zealand Banking Group (ASX: ANZ) rose another 1.2%.

Here are Wednesday’s top stories:

  1. Why Credit Suisse thinks Blackmores Limited shares are worth $175
  2. The ‘lazy way’ to make a million dollar fortune
  3. What you need to know about Catapult Group International Ltd’s acquisition
  4. Why the Fortescue Metals share price has tripled since January
  5. Who else wants 4 dividend shares with yields over 5.5%?
  6. Why the WiseTech Global Ltd share price has soared 27%

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Motley Fool contributor Ryan Newman owns shares of WiseTech Global. The Motley Fool Australia owns shares of WiseTech Global. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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