This is The Sectorial Pulse show by Kalkine TV – a special show covering all sectoral movements from the markets for the day
• Australian shares are trading flat on Friday, as losses in healthcare and tech stocks offset gains in blue-chip miners buoyed by surging commodity prices. The S&P/ASX 200 index edged up but was on track to post a 0.5% weekly jump.
• From the sectoral front, Heavyweight miners were the top percentage gainers, advancing 1% led by SSR Mining and Red 5. Australian metals miners gained as much as 1.1% and were on track to add 4% over the week, their best since 8 January 2021.
• On the other hand, Macquarie Group jumped 0.6% after the financial conglomerate posted a record annual profit boosted by volatile trading and surging electricity prices due to extreme cold weather conditions in some states in the United States.
• Gold stocks in the country take their cue from an overnight jump in bullion prices, as a weaker dollar and easing Treasury yields propelled the safe-haven metal over the key $1,800 psychological level.
• Global stocks are headed for their first weekly gain amid a surge in commodity prices, while traders stay braced for a key U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus. MSCI's benchmark for global equity markets which tracks stocks in 50 countries, edged up about 0.1%.
• From the currency font, dollar sank to its lowest level this week against a basket of major peers on Friday ahead of the jobs report, as firmness in global stock markets boosted risk appetite. The dollar index dipped to 90.837, and was on track for a 0.4% decline this week.