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ASX up 0.4% as financials and consumer sectors start leading

Summary

  • S&P500 closes 1.4% lower, dropping sharply in final hour, after Donald Trump halts negotiations on a highly anticipated stimulus bill
  • After a weak morning, the ASX200 picked up late morning to be 20 points higher at 5982 just before midday. 
  • Westpac and ANZ upgraded to 'outperform' at Macquarie
  • Two of Australia's largest super funds are set to vote against a shareholder proposal to bring forward the closure of AGL's coal-fired Loy Yang power plant in Victoria, despite bolstering their climate policies this year

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