Eleven sector heaven 😇
Banks and miners helped the local market snap a three day losing streak, even as investors eye a likely 50 basis point rate hike from the RBA tomorrow. The S&P/ASX200 closed the session off its highs, but put on a respectable 1.1% to 6,613. All 11 sectors ended higher with energy the best performer +2.6%, and materials +0.5% despite Dailan iron ore futures extending losses to a third session. It was a fairly quiet day for corporate news, though Link Administration rejected Dye & Durham's lower takeover bid and shed -0.26%, while Volpara's share price surged +21% after inking a contract with a US imaging service provider. US markets are closed for Independence Day.
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