Australia's S&P/ASX 200 (Index: ^AXJO)(ASX: XJO) and ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) indices finished higher on Tuesday.
Here's a short recap of the Australian market:
- S&P/ASX 200 (Index: ^AXJO) (ASX: XJO) higher 0.19% to 6,332.40
- ALL ORDINARIES (Index: ^AXAO) (ASX: XAO) higher 0.09% to 6,416.70
- AUD/USD at US 70 cents
- Gold at US$1,325.90 an ounce
- Brent Oil at US$60.90 a barrel
The best-performing ASX 200 share today was the Metcash Limited (ASX: MTS) share price which rose by 3.4% thanks to a broker upgrade.
It was a painful day for the infant formula sector with the A2 Milk Company Ltd (ASX: A2M) share price dropping by 8.6% and the Bellamy's Australia Ltd (ASX: BAL) share price falling 5.3% because China is attempting to grow the market share of its local infant formula producers.
The share price of Bravura Solutions Ltd (ASX: BVS) has fallen 11.3% after GBST Holdings Limited (ASX: GBT) upgraded its profit guidance, but GBST's share price ended the day down 3.1%.
The gold sector continues to climb thanks to concerns around market volatility and trade wars, which is why the Newcrest Mining Limited (ASX: NCM) share price rose by 0.35%.
The share price of Zip Co Ltd (ASX: Z1P) rose by 2.4% on the release of Australia's retail figures, with the buy now, pay later industry being responsible for some areas of growth.
Finally, the share price of Australia and New Zealand Banking Group (ASX: ANZ) finished the day up 0.8% after not passing on the full RBA interest rate cut to borrowers.
Here are some of today's top stories:
