The ASX 200 closed with a gain of 13 points (+0.16%) after clawing back early losses as Trump teased a trade deal. Expected to be with the UK. Sterling and Aussie dollar rose on the news. Futures also jumped. Dow futures up 0.4%, Nasdaq futures up 0.9%. Most sectors in the green for the ASX 200. Financials, Healthcare and Consumer Discretionary exceptions. ANZ fell 1.9% after disappointing earnings. WBC down 4.1% after it went ex-dividend. Fell more than dividend. CBA down 0.3%, results next Tuesday. NAB bucked the trend and rose 1.4%. Gold miners led the rally. NST up 2.4% and EVN up 2.0%. Utilities and Industrials also did well. Defensive stocks popular after Powell’s hawkish tone. Industrials helped by CPU (+3.1%). No clear reason for rise. AGL rose 2.2%, COL gained 1.1%. Resources mixed. Lithium, Copper down, Coal up. Iron ore miners flat to down. BHP flat, RIO up 0.1%, FMG down 0.7%. ORI rose 7.4% after a 40% profit lift to $250.8m and a dividend boost. GYG rose 3.3% after saying it will beat full-year profit forecasts and expand in the US.

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