Australia’s S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished lower on Tuesday.
Here’s a quick recap of the Aussie market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) down 0.5%
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) down 0.5%
- AUD/USD at US 78.18 cents
- Gold at US$1,273 an ounce, down 0.9%
- Oil at US$50.55 a barrel, down 2.2%
QBE, the general insurer, announced an increase to its individual risk and catastrophe claims allowance. After the devastating events in the US and Mexico, the company estimates a $600 million impact on its 2017 earnings.
South32 did not release any material news to the market.
Amongst the banks, Commonwealth Bank of Australia (ASX: CBA) shares fell 1.5% despite no news.
Here are today’s top stories:
- 3 growth shares on my watchlist
- RBA leaves interest rates at 1.5%: How investors should respond
- A perfect storm is brewing for the QBE Insurance Group Ltd share price
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The Motley Fool Australia has no position in any of the stocks mentioned. 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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