Market Wrap / Geneva gathering

The S&P/ASX 200 ended the week fairly flat, but this Friday saw a 0.5% bounce to 8231.20 points, as trade developments continue to rock markets.

The US and the UK advanced on a new framework to lower some levies, while further talks between Chinese and US representatives are scheduled this weekend.The banks buoyed the local market this Friday, with notably Macquarie jumping 3.8% higher as it posted a 5% rise in full year profit to $3.7 billion. ANZ was a lone laggard among the major lenders, down 1.4% on brokers outlook downgrade.The company news of the day came from the real-estate space, with Domain striking a binding deal with the US property giant CoStar, to sell all its remaining shares at $4.43, a 42 percent premium. Domain’s owner Nine Entertainment leaped 6% on that news.Elsewhere - the tech sector was tracking Wall Street gains, with WiseTech up 1.1%. Investors will keep their eyes towards the US as market heavyweight Nvidia has flagged some change to one of its chips for the Chinese market, in order to evade tariffs. And the mining space hampered further market gains however, with higher iron ore prices not convincing investors to rush to BHP or Rio Tinto. Both stocks ended the session in the red. After US-China weekend negotiations, next week might prove to be data-heavy locally, with household spending, consumer sentiment and the unemployment rate expected.