S&P/ASX 200 marks the fifth consecutive day of gains
Monday, 1 April 2019 S&P/ASX 200 (INDEXASX:XJO) has closed up 36 points or 0.6% to 6217 - marking the fifth consecutive day of gains. Miners did well on higher iron ore prices, with BHP Group (ASX:BHP) gaining 1.45% to $39.05 and Rio Tinto (ASX:RIO) gaining 1.65% to $99.53. Fortescue Metals Group (ASX:FMG) set another 10-year high, gaining 4.5% to $7.43. Woolworths gain Consumer staples was the best performing sector after Woolworths (ASX:WOW) announced a $1.7 billion share buyback. Woolworths shares rose 2.3% to $31.08 after the supermarket giant also announced the closure of up to 30 BIG W stores over the next three years. The Australian dollar is buying 71.25 US cents, from 70.97 US cents on Friday.
According to Reuters, stocks around the world rose for a fifth consecutive day.
On April 3rd, MSCI's all-country world stock index gained about 7-tenths of a percent.
In Europe, the Stoxx 600 index closed at an eight-month high after gaining 1-percent on the day.
The Stoxx 600 also marked its...