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The ASX200 has been up 0.35% at 8,408 points.
The local bourse has risen after US President Trump called for lower oil prices and interest rates.
Buoyed by a less aggressive US stance on tariffs than previously indicated, the ASX200 is on track for its third straight weekly gain.
Discretionary has been the best performing sector, up 1.7%, followed by Real Estate, up 0.85%, and Utilities, up 0.7%.
Energy has been the biggest loser, down 1%.
Company News
4DMedical (ASX:4DX) has been up 6.2% after signing a major commercial contract. The deal follows a successful pilot of the company’s products with Qscan Radiology Clinics in Queensland.
4D Medical has been 60 cents.
KMD Brands (ASX:KMD) has been up 2% after releasing an update on the first five months of FY25, highlighting ongoing improvements in direct-to-consumer sales. The company’s Rip Curl brand posted a 2.4% increase in global sales year-on-year.
KMD Brands has been 38.3 cents.
Nanosonics (ASX:NAN) has been down 1% after a broker note by Morgan Stanley. The broker has downgraded the company’s shares to a hold rating with a $3.75 price target.
Nanosonics has been $3.71.
