After avoiding 5 consecutive red days last week, the ASX200 rose 0.36% to end the day at 7,470.11 on Monday. On Friday the index was up 0.83%.
While there were no key statistics from Australia to provide direction, economic data from China provided support.
In October industrial production rose by 3.5% yoy, compared to 3.1% in September. Economists had forecast an increase of 3.0%.
Retail sales were also optimistic, with sales increasing by 4.9% year-on-year compared to a forecast of 3.6%. In September retail sales were up 4.4%.
There were no major statistics for the markets on that day.
The market movers
It was a mixed day for the banks. Macquarie group led with an increase of 0.94% ANZ and Westpac Gains of 0.74 and 0.62%, respectively. SN – and CBA However, it ended the day down 1.57% and 0.10% respectively.
Commodity stocks also had a mixed session. Rio Tinto and BHP group ended the day with losses of 0.40% and 0.64% respectively. Fortescue Metals Group Ltd however rose 1.21 to show the way with Newcrest Mining Win 0.67%.
Other Asian markets
Elsewhere it was a mixed session. The Nikkei 225 and Hang Seng rose 0.56 and 0.25%, respectively, while the CSI300 lost 0.12% the day.
The day ahead
It’s a particularly quiet day on the Australian economic calendar. There are no essential statistics from Australia to give direction.
While there aren’t any key statistics to consider, the minutes of the RBA meeting this morning will lead the way. RBA Governor Lowe will also deliver a speech to influence economic or political comments.
On the futures markets, the ASX200 was 29 points in the red at the time of writing.
You can find an overview of all today’s economic events in our economic calendar.