S&P/ASX 200 (INDEXASX:XJO) (ASX:XJO) has finished Monday lower marking the fourth consecutive day of losses for the Australian market.
4.10pm: ASX 200 closes down 0.6%
The ASX 200 has closed down 0.6% or 33.9 points lower to 5,895.0.
[VIDEO] Market Close 5 Mar 18: The ASX 200 fell for a fourth session as investors react to the tariffs the Trump Administration will apply to aluminium and steel imports https://t.co/o7pYhC9Jm9 #ausbiz
— CommSec (@CommSec) March 5, 2018
12.29pm: ASX 200 down 0.4%
The ASX 200 is down 0.4% or 21.5 points to 5,907.4.
Top performing stocks through the morning session include Myer Holdings Ltd (ASX:MYR), up 13.75%, rare earth producer Lynas Corporation Ltd (ASX:LYC), up 6.2%, and coal producer Whitehaven Coal Ltd (ASX:WHC), up 5.2%.
Mid-Session 5 Mar 18: ASX 200 retreats for a fourth session pic.twitter.com/C35SvNDboP
— CommSec (@CommSec) March 5, 2018
10.21am: ASX 200 down 0.2%
The ASX 200 has opened down 0.2% or 12 points lower to 5,916.9.
Resources stocks leveraged to iron ore such as BHP Billiton Limited (ASX:BHP), Rio Tinto Limited (ASX:RIO) and Fortescue Metals Group Limited (ASX:FMG) are all down around 1% due to a retracement in the iron price.
Pre-market wrap: S&P/ASX 200 futures pointing to a flat start pre-market
The Dow Jones (INDEXDJX:DJI) closed down 71 points or 0.29% to 24,538 on Friday.
It was a wild week for markets! The Dow recovered most of today’s losses, but it’s still down more than 3% for the week. Recap the trading day action with @WilfredFrost pic.twitter.com/8DGZharHQH
— CNBC's Closing Bell (@CNBCClosingBell) March 2, 2018
The AUDUSD is unchanged over the past 24 hours to 0.7763.
Gold bounced US$18.50 or 1.42% to US$1,323 while WTI Crude Oil was also up 0.79% to US$61.47 per barrel.
Catch up on the biggest news, interviews, and events on @CNBC with the #RapidRecap! pic.twitter.com/pkZBJZaTaz
— CNBC's Closing Bell (@CNBCClosingBell) March 2, 2018
Upcoming economic data: Monthly building approvals and inflation
At 11.00am AEST the Melbourne Institute will release their monthly inflation gauge data.
It measures the change in the price of goods and services purchased by consumers.
This data provides a monthly look at consumer inflation and is designed to mimic the quarterly government-released CPI data.
At 11.30am AEST the Australian Bureau of Statistics (ABS) will release its monthly building approvals data.
This is seen as a good gauge of future construction activity because obtaining government approval is among the first steps in constructing a new building.
The ABS will also release the quarterly company operating profits data point at 11.30am AEST which is seen as a leading indicator of economic health.
[REPORT] This coming week - Economic growth, building approvals, and retail trade all being released. Overseas spotlight is on the Italian election, US jobs and Chinese inflation data https://t.co/Dt61bROS2T #ausbiz #ausecon pic.twitter.com/lJaDyZh7Uj
— CommSec (@CommSec) March 4, 2018