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S&P/ASX 200 closes on its high for the day, up 0.7%

S&P/ASX 200 has not closed above 6,000 since the early February pull back.

trader in front of his screens
QBE, SKI, RWC, BSL and GEM reported results today

S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has closed on its high for the day and signficantly, above the 6,000-point level.

4.10pm: ASX 200 closes up 0.7%

The ASX 200 closed up 42.4 points or 0.7% to 6,042.2.

1.05pm: ASX 200 up 0.4%

The ASX 200 is up 26.9 points or 0.4% to 6,026.7.

The Telco, Financial and Energy sectors are performing the strongest so far today.

BlueScope Steel (ASX:BSL) has been one of the biggest gainers today in the large-cap space after investors have supported the company's earnings result.

Conversely, QBE Insurance (ASX:QBE) has been sold off due to a weaker than expected result today.

10.55am: ASX 200 up 0.5%

The ASX 200 is up 0.5% or 32.3 points to 6,032.1.

Pre-market wrap: S&P/ASX 200 prepares for final week of reporting season

S&P/ASX 200 begins its fourth and final week of February reporting season today.

The Dow Jones (INDEXDJX:DJI) finished its week last Friday very positively, up 1.39% to 25,310.

The AUDUSD is unchanged over the past 24 hours at 0.7838.

Gold was also largely flat, down US$2.20 to US$1,330 while WTI Crude Oil put on 1.29%, creeping higher to US$63.58 per barrel.


Companies of note reporting results today include:

• QBE Insurance Group Ltd (ASX:QBE);
Spark Infrastructure Group (ASX:SKI);
• Reliance Worldwide Corporation Ltd (ASX:RWC);
BlueScope Steel Limited (ASX:BSL); and
• G8 Education Ltd (ASX:GEM).

Upcoming economic data: No data today but US data tonight

There is no significant economic data being released today in Australia however there are a number of US data points tonight.

At 2.00am AEST tonight the monthly new homes sales data in the US will be released.

It measures the annualised number of new single-family homes that were sold during the previous month.

It's a leading indicator of economic health because the sale of a new home triggers a wide-reaching ripple effect.

Quick facts: Proactive Investors Australia

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