Market Wrap / green on screen

The local market climbed back into the green Friday to conclude an overall negative week, with investor optimism boosted by signs the US will manage to avoid a government shutdown.

The S&P / ASX200 added 0.5% to close at 7,789.7 points; but was down 2% over the course of the week.

The miners were pushed higher by a rally in gold and iron ore price, while the banks and REITs lagged behind. 

Liontown shares soared 5% after the batter minerals provider narrowed its first-half losses.

A gold price edging close to US$3,000 sent Northern Star Resources up 2.8%.

Meanwhile, Macquarie expressed its optimism for a raft of lithium producers, saying demand for lithium-based spodumene is set to grow, dominated by electric vehicles and industrial battery growth. 

The REITs laggd after Citi said the recent capitulation had been sparked by increased uncertainty in US trade policies.

And the banks hindered further market upsides with CBA shedding 1.1%. 

In company news, Myer appointed former David Jones executive Kathy Karabatsas as Group CFO following the Apparel Brands merger. Investors welcomed the news and sent the stock 1.4% higher. 

Tonight, the University of Michigan consumer sentiment survey is released in the US.

Next week sees a deluge of central bank decisions including the FOMC, Bank of Japan and Bank of England.