Market Wrap / monthly gains 101

On again, off again was the theme of the week regarding Trump’s tariffs. Overnight, the US President received an extension on the legality of his levies, sending the local market higher during Friday's trade.The S&P/ ASX 200 gained 0.3% to 8434.70 points. The local market also ended May with a 3.8% monthly gain, confirming a V-shaped recovery post ‘Liberation-Day’ announcements almost two months ago. Today, the banks buoyed the index, with CBA advancing 0.9%. 

However, in the FinTech sector, Findi lost 8.9%. The ATM-operator swung back to a net loss over the 12 months to the end of March. Elsewhere, the energy players tracked lower oil prices and Santos was down 0.9%. And NRW Holdings picked up an infrastructure contract for Rio Tinto in the Pilbara. The stock made some gains during the session.Meanwhile, the HealthCo REIT granted a partial rent deferral to the embattled Healthscope. The news was welcomed by investors who sent HealthCo 7.9% higher. China's PMIs for May are now due this Saturday, while next week, investors will keep an eye for local GDP, trade and household spending data.