Australian Market is Trading Lower After a Positive Opening

• Australian market is trading lower after a positive opening supported by a positive rally on Wall Street. The benchmark S&P/ASX 200 index was up 17.9 points, or 0.3 per cent, at 5203.9, while the broader All Ordinaries gained 17.1 points, or 0.3 per cent, to 5203.1. Materials once again outperformed, gained 0.9 per cent, while financials edge up 0.1 per cent.

• The Australian dollar fell to a new three-month low of 89.89 US cents early Saturday morning following a strong US jobs report, but rebounded quickly back above 90 US cents. Currently, it is trading at 91.08 US cents.

• This is how big banks are doing today:

• ANZ: -1.1% at $30.66
• CBA: -0.15% at $75.06
• NAB: -0.8% at $33.20
• Westpac: -0.6% at $31.31

http://www.capitalvia.com/au/