![Mining stocks had a tough day on the market on Wednesday.](/web/20161012153716im_/http://www.smh.com.au/content/dam/images/g/q/7/y/b/8/image.related.landscape.460x307.gs0e6y.png/1476277072287.jpg)
ASX slips as investors turn wary on miners
Australian stocks recovered from an early resources-led slump to close only slightly lower.
Jessica Sier writes on business, markets, news and real estate. Based in our Sydney newsroom, Jessica is also a multimedia producer.
Australian stocks recovered from an early resources-led slump to close only slightly lower.
Robeco's chief investment officer shorted the pound just prior to Brexit, but thinks the fallout is going to be darn out and catastrophic. Saxo's Van-Petersen disagrees.
Some companies gained as the pound plunged last week as the market keeps a wary eye on Brexit developments.
Economists await policy following Treasurer Scott Morrison's opposition to further rate cuts by the Reserve Bank of Australia.
The ASX managed to close higher for the week as energy stock rose on the back of a buoyant oil price.
Currency traders are puzzling about a 'flash crash' in the pound that shook up forex markets as the prospect of a 'hard Brexit' rears its head again.
Buoyant energy stocks gave the market its lift on Thursday, though it was held back by losses in Telstra and the property sector.
Citi sees the ASX 200 hitting 6000 points by the end of next year, profiting from a turnaround in resources, while Morgan Stanley is more cautious.
The world is hungry for protein and there's a lot more sea than land. Salmon producers are gearing up for the next decade of serious growth.
Gold producers took a beating on Wednesday as investors reconsider the ECB's bond buying program and a near term rate hike in the US.
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