Shares rally in last session of 2022

Australian shares are on track to finish the final session of the year in the green, putting the benchmark on track for an annual loss of less than 5 per cent.P/ASX 200 Index rallied 0.8 per cent or 53.3 points to 7073.4. On Thursday, shares closed at a, US stocks rallied after data allayed fears of a supercharged jobs market that would support a more aggressive policy path. US Treasury yields ticked lower and a gauge of the dollar declined.

The tech-heavy Nasdaq 100 outperformed, with gains approaching 3 per cent. Tesla put on 8.1 per cent to $US121.82, as tech giants including Apple, Amazon and Microsoft were also among the biggest gainers.February Brent crude fell 1.2 per cent to $US82.26 a barrel, and West Texas Intermediate 0.7 per cent to $US78.40 a barrel in the futures market.Link shares traded for the first time without the right to receive the Pexa in specie distribution, showing a 44 per cent decline to $1.84.

The majority of the Warrego board recommends the Hancock offer in the absence of a better deal, but the recommendation is not unanimous: chairman Greg Columbus rejects the Hancock offer and recommends the Strike deal.is the Markets editor. She covers equities, bonds, currencies and the economy with a special interest in the investment industry, hedge funds and accounting. She is based in the Sydney newsroom.

Source: News Formal (newsformal.com)

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