ASX 200 rose 0.37% as global markets retreat

The ASX 200 rose 0.37% to 8,840.7, trading higher as Adelaide investors weighed the latest moves across global markets.

How the major markets moved

On Wall Street, the S&P 500 fell 0.12% to 7,534.62, the Dow Jones rose 0.08% to 52,549.51 and the Nasdaq fell 0.83% to 25,889.15. Wall Street’s direction typically sets the tone for how Adelaide portfolios open next session.

Commodities and safe-haven demand

Gold fell 1.60% to US$3,979.3 an ounce and silver fell 2.39% to US$55.75, while WTI crude fell 1.48% to US$78.42 a barrel, a move that feeds through to petrol prices and local input costs.

Currencies and crypto

AUD/USD rose 0.30% to 0.7, shifting the maths for Adelaide importers, travellers and anyone with offshore holdings. Bitcoin fell 0.76% to US$64,217.54.

What it means locally

For Adelaide readers, the day’s moves flow through to superannuation and retirement balances, which are heavily exposed to both local and global equities, a reminder that a diversified portfolio rides out single-session swings better than a concentrated one.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.