S&P/ASX 200 trades near flat line as energy, materials shares slip
Brent crude fell 2.3% to settle at US$65.11 a barrel on Thursday after diplomats said progress was made toward a deal to lift sanctions on Iran, which could boost crude supply. Bitcoin prices slipped after the US Treasury said it is taking steps to crack down on cryptocurrency markets and transactions.
S&P/ASX 200 (INDEXASX:XJO) weakened from a strong start this morning, with the index trading down 0.011% to 7,018.8 by about 1 pm.
This followed strong gains on Wall Street overnight, where indices snapped a three-day losing streak.
Locally, energy is the worst-performing sector, down 2.09%, while materials slipped about 1.4%.
Proactive Uranium Webinar next Tuesday to showcase three companies on path towards production
Companies
Proactive Uranium Webinar next Tuesday to showcase three companies on path towards production
The webinar will feature Lotus Resources, Peninsula Energy and Alligator Energy with projects in Africa, the US and Australia respectively. Speakers will present for 12 minutes each followed by a five-minute Q&A session.
Each company will present for 12 minutes, followed by a five-minute Q&A session, and the event will be live-streamed on the Proactive YouTube channel to be viewed at any time afterwards. Click here to register.
Questions for the speakers can be submitted before and during the online presentations by email to John Phillips at john.phillips@proactiveinvestors.com or by text to 0431 597 771.