Business
ASX holds onto 2% gain, Westpac gains 3.7% – The Sydney Morning Herald
The S&P/ASX 200 has held onto its gains and remains above 5900 points. Financials and energy are out-performing.
Commonwealth Bank rose 2.9 per cent, Westpac 4 per cent, NAB 3.4 per cent, and ANZ 4 per cent in a booming day for the financial sector.
Rio Tinto rose 2.2 per cent, BHP 2.4 per cent, and Fortescue Metals 2.6 per cent to offset a weaker performance by the gold miners.
Oil prices are on the recovery and have lifted energy stocks by a collective 4.3 per cent.
Investors are grappling with a looming Federal Budget / RBA double-header on Tuesday, as well as the health of US President Donald Trump….
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