ASX 200 rose 0.52% as global markets retreat

The ASX 200 rose 0.52% to 8,808.5, 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 0.43% to 7,510.94, the Dow Jones fell 0.08% to 52,445.64 and the Nasdaq fell 1.35% to 25,852.22. Wall Street’s direction typically sets the tone for how Adelaide portfolios open next session.

Commodities and safe-haven demand

Gold fell 2.65% to US$4,004.7 an ounce and silver fell 3.91% to US$57.81, while WTI crude rose 8.75% to US$77.66 a barrel, a move that feeds through to petrol prices and local input costs.

Currencies and crypto

AUD/USD fell 0.36% to 0.69, shifting the maths for Adelaide importers, travellers and anyone with offshore holdings. Bitcoin fell 2.78% to US$61,985.73.

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.