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Posted: 2018-01-07 18:35:07

The ASX200 was little changed in a quiet session to start the week, rising by 0.13% to close at 6,130.40.

Financial stocks — the biggest sector on the local index by market capitalisation — dragged the market higher as most other major sectors finished in the red.

CBA was the best performer among the major banks, climbing by 0.57% to close at $81.62.

Among the big miners, BHP and Rio were both slightly lower while Fortescue fell by 2.24%.

Listed electronics retailer Kogan.com — the best performing stock on the ASX last year — fell by 8.1% from a record high above $7 reached last week.

Today’s top stories:

1. Aussie dollar ready for launch: Analysts from HSBC expect the Australian dollar to close out 2018 above US84 cents, from its current level above US78 cents.

2. Gas exports on the rise: Following the completion of some major projects, Australia is set to become the biggest natural gas exporter in the world by 2019.

3. Beautiful life advice: A 27 year-old Australian woman who died who cancer last week wrote a moving post about how to get the most out of life.

4. Iran bans English: Following deadly protests, Iranian authorities have banned the teaching of English in primary schools and blamed the West for provoking unrest.

5. Joke cryptocurrency now worth $US2 billion: Doge Coin — a cryptocurrency based on a popular dog meme — is now worth $US2 billion and its founder is worried about frothy valuations.

6. Iron ore break even points: If you invest in Australian miners, this table is worth your time — it shows what price various companies need iron ore to stay above in order to break even.

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at research.businessinsider.com.au.
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