Grow Your Wealth Morning Call 03/05/2019

The ASX 200 will likely open marginally higher despite negative leads from overnight trading. Both Europe and Wall Street were lower, weighed down by weakness in the energy sector. Bond yields were higher, while most commodities and the Aussie dollar were lower. On the domestic economic front, building approvals data will be published. In local company news, Macquarie will present its annual report. Given the looming weekend, we believe the ASX 200 will close moderately lower, with investors happy to postpone purchases till next week.

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