On Thursday the ASX200 went green again and only marked a third day win out of 9 sessions.
The ASX200 partially reversed a 0.68% decline from Wednesday, rising 0.13% to end the day at 7,379.20.
There were no major statistics from Australia or China that affected the 200 that day.
The lack of statistics left commodity prices and market sentiment pointing towards inflation and the economic outlook.
While it was a mixed day for commodity stocks, bank stocks weighed again, with the Big-4 in the red that day.
On that day there weren’t any major stats to give any direction.
The market movers
It was another mixed day for the banks. CBA led down again and slipped 1.55%, with ANZ and Westpac with losses of 1.29% and 0.98% respectively. SN – posted a more modest loss of 0.69%, while Macquarie group ended the day up 1.05%.
Net interest margin concerns continued to hold the Big 4 back on the day.
Commodity stocks also had a mixed session. Newcrest Mining with an increase of 1.46% at the top, with BHP group and Rio Tinto at the end of the increase by 0.22% and 0.68% respectively.
Fortescue Metals Group Ltd however, bucked the trend by 1.60%.
Other Asian markets
Elsewhere it was a retrograde session. The CSI300 and Nikkei 225 Seng fell 0.99% and 0.30%, respectively, while the Hang Seng Index fell 1.29%.
The day ahead
It’s a particularly quiet day on the Australian economic calendar. There are no essential statistics from Australia or China to give direction.
Inflation figures from J -an are unlikely to cause too much drama either.
Outside the economic calendar, however, commodity prices and central bank talk are likely to remain the main drivers.
On the futures markets, the ASX200 was up 8 points at the time of writing.
You can find an overview of all today’s economic events in our economic calendar.