Business

Patrick Commins

Patrick Commins writes on Markets specialising in Equity Markets, Currencies, Debt Markets. Based in our Sydney newsroom, Patrick is Markets deputy editor and has over six years experience as a journalist.

The ASX 200 index closed within a whisker of 5700 points on the penultimate trading day of the year.

ASX clocks new 2016 high

Gains in resources and banks saw the ASX reverse early losses to hit a new high on 2016's second to last trading day.

Shares have retreated from their 2016 high, but remain on course to record a solid year.

ASX retreats from 2016 highs

Shares dipped in early trading as investors trim their holdings in the major banks and a host of listed trusts trade without the rights to their distributions.

The last day of trade before Christmas is expected to be a quiet one.

Markets Live: Santa's last chance

Late profit-taking in the miners has pushed shares lower in a shortened pre-Christmas session, as Tatts rejects a competing offer from a Macquarie-led consortium.

The Aussie is ending 2016 on a weak note.

Aussie dollar dips below US72¢

The Australian dollar on Thursday night hit its lowest point since May as the currency is under pressure from a resurgent greenback and weakness in the iron ore price.