Aust stocks close weaker
- {{x.value}}
{{ twilioFailed ? 'SMS Code Failed to Send…' : 'Enter verification code' }}
{{ completedStep1 ? 'Authentication & Security' : content.trialHeading.replace('{0}', user.FirstName) }}
{{ content.upgradeHeading.replace('{0}', user.FirstName) }}
The email address you entered is registered with InvestSMART
Please login to continue
We have sent you an email with the details of your registration.
Looks you are already a member. Please enter your password to proceed
{{ upgradeCTAText }}
Updating information
Please wait ...
Your membership to InvestSMART Group recently failed to renew.
Please make sure your payment details are up to date to continue your membership.
Having trouble renewing?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
You've recently updated your payment details.
It may take a few minutes to update your subscription details, during this time you will not be able to view locked content.
If you are still having trouble viewing content after 10 minutes, try logging out of your account and logging back in.
Still having trouble viewing content?
Please contact Member Services on support@investsmart.com.au or 1300 880 160
Please click on the ACTIVATE button to activate your Intelligent Investor 15-day free trial
Please click on the ACTIVATE button to finalise your membership
Unsuccessful registration
Registration for this event is available only to Eureka Report members. View our membership page for more information.
Registration for this event is available only to Intelligent Investor members. View our membership page for more information.
- You are already registered for this event.
- This event is already full.
- Please select a quantity for at least one ticket.
- {{ i }}
Forgotten password
Please enter your email address below to request a new password
- Verify your email address by clicking on the link we sent to {{user.Email}}
- You now have free access, we look forward to helping you on your financial journey.
The Australian sharemarket closed weaker today as investors worry about fresh falls in the iron ore price and growing conflict in Iraq.
At the 4.15pm (AEST) official market close, the benchmark S&P/ASX200 index dropped 23.7 points, or 0.44%, to 5,405.1 points, while the broader All Ordinaries index shed 24.2 points, or 0.45%, to 5,383.7 points.
Overnight, the iron ore price slipped to $US91.50 a tonne, its lowest point since September 2012, while oil prices rose on increasing conflict in oil-producing Iraq.
CMC chief market strategist Michael McCarthy said the lift in oil prices provided support for local energy stocks today, the standout sector on the market.
Local gold shares also got a boost on the back of a rise in the gold price.
"We see this when there's a rise in geopolitical tensions, gold finds support as a safe haven investment. With the potential for war in the Middle East, we're seeing support for gold," Mr McCarthy said.
He expects European bourses to fall overnight amid investor caution, with further falls possible in the local session on Monday.