Cooking with gas 🍳
Take yesterday’s scoreboard and turn it upside down. Because when it comes to today’s session, it was almost the opposite. Energy’s struggles continued, finishing the day flat after recording the largest daily decline in over two years a session earlier. There was no reaction to data showing Australia logged its largest trade surplus on record in May, helped by booming coal and LNG prices. Every other sector except financials and consumer discretionary finished lower, the steepest declines coming from industrials, technology and communication. The benchmark added 53.5 points, or 0.8%, to close the penultimate session of the week at 6648. Bring on Friday!
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