Markets Live: BHP hits 17-month high
Shares trade higher, buoyed by miners on the back of soaring iron ore futures as well as the big banks.
Jens is the markets and breaking news editor, based in Sydney.
Shares trade higher, buoyed by miners on the back of soaring iron ore futures as well as the big banks.
US earnings season will set the pace on sharemarkets at the start of the week, but investors are likely to remain jittery ahead of Donald Trump's inauguration.
Big banks dragged the sharemarket to a weekly loss, as investors took profits in a sector that had performed well since Trump's election win.
Shares fall sharply, pulled down by the big banks as the Trump trade of the past months shows more signs of unwinding.
Healthcare stocks dragged the ASX to its second loss of the year after an address by Donald Trump fuelled investor uncertainty.
Losses in healthcare stocks and the supermarket giants offset gains in energy and miners, pulling the ASX down for just the second time in 2017.
Shares in troubled Bellamy's have lost further ground on broker downgrades after the baby formula supplier on Wednesday confirmed chief executive Laura McBain would leave the company and warned of lower annual earnings.
Shares ended the first week of 2017 as they finished last year: with strong gains, led by Telstra's rise to a four-month high.
Investors have started the new year in the ebullient mood they ended the last one in, driving the local sharemarket to its highest close since June 2015.
Stocks flatline as the early Santa rally runs out of puff, while gold stocks and Mayne Pharma plunge.
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