Author: admin

The Australian sharemarket has finished flat heading into another important US jobs readout and a potential blockbuster Supreme Court ruling on the legality of Donald Trump’s trade war.

The S&P/ASX200 index on Friday ended three points lower at 8,717.8, a drop of 0.03 per cent, while the All Ordinaries dipped about a half-point to 9,045.9.

For the week, the ASX200 dropped 10 points, or 0.1 per cent, in its second straight week of losses.

Four of the ASX’s 11 sectors finished higher and six finished lower, with utilities flat.

Energy was the biggest mover, rising 2.1 per cent as oil prices rebounded. Brent crude was changing hands at US$62 a barrel, after falling below $US60 shortly after the US strike in Venezuela.

The Australian dollar was trading for 66.95 US cents, down from 67.03 US cents on Thursday at 5pm.