Business news

    ASX closes lower on weaker mining outlook and Csl downgrade

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    Highlights
    • European markets set to open lower.
    • ASX closes down 44 points (0.65%).
    • Bitcoin trading at $31,625.

    The ASX fell 0.7% to finish the trading day down 44 points to close at 6780.6 points as miners were sold off and blood plasma manufacturer, Csl was downgraded by broking firm, Ord Minnett.

    Futures markets in Europe are pricing in a weaker open for London's FTSE and Germany's DAX.

    Markets in Asia are set to open lower with the ASX futures pointing down by 26 points (0.8%).

    The Australian dollar is weaker against the major currencies and is buying 77.44 US cents.

    Gold is trading at $US1853.2 per ounce with copper down 0.34% to $US3.628 per pound.

    WTI Crude oil is selling for $US52.61 per barrel while Brent Oil is lower at $US54.88 per barrel.

    The spot iron ore price remains above $150 per ton trading at US$169.52 and one bitcoin is worth US$31625 going into the European trading day.

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