The Australian share market grinds steadily higher amid more positive signs in US-China trade negotiations. The Wall Street Journal reports that China has agreed to lower import tariffs on US made autos from 40% to 15%.
S&P/ASX 200 Intraday
ABS figures show lending for owner-occupied housing up 3.5% in October 2018 but down 2.3% for personal finance and 3.1% for commercial loans.
Galaxy Resources (GXY) rallies 5.8% after its latest exploration update from the Mount Cattlin project in Western Australia.
Maca (MLD) gains 1.1% after winning a mill construction contract worth approximately $28 million from privately-owned at Adaman Resources Pty Ltd.
Gold miners among the days worst performers with Silver Lake Resources (SLR) -3.9%, St Barbara (SBM) -3.7%, Gold Road Resources (GOR) -3.2%, Regis Resources (RRL) -3.1% and OceanaGold Corporation (OGC) -3.0%.
Mayne Pharma Group (MYX) jumps 6.2% on news that the US Food and Drug Administration (FDA) had approved its application for Tolsura, a fungal infection treatment.
S&P/ASX Sector Indices (% change)
Helloworld Travel (HLO) climbs 1.7% after its Investor Day presentations in Sydney.
Thorney Technologies (TEK) surges 13.2% after high-profile investor Alex Waislitz buys another 500,000 shares in the company.
Solid gains in the energy sector with Origin Energy (ORG) +3.6%, Cooper Energy (COE) +3.6%, Woodside Petroleum (WPL) +2.3% and Whitehaven Coal (WHC) +2.1%.
Altium (ALU) up 5.6% after broker Goldman Sachs initiates research coverage with a buy recommendation.
Westpac Banking Corporation (WBC) adds 1.6% despite receiving a 'first strike' against its remuneration report at today's AGM.
Westpac-Melbourne Institute consumer sentiment index edges 0.1% higher to 104.4 in December 2018.
Sonic Healthcare (SHL) in a trading halt as it launches a $600 million capital raising to acquire US pathology group Aurora Diagnostics LLC.
ASX Market Moving Stocks
British PM Theresa May survives a no confidence vote on her leadership by a margin of 200-117.
US CPI flat in November 2018 and 2.2% higher for the year. Excluding food and energy, the CPI is up 0.2% in the month and 2.2% for the year.