Australian Market Slightly Lower

RTTNews | 573 dias atrás
Australian Market Slightly Lower

(RTTNews) - Extending the losses in the previous session, the Australian stock market is slightly lower on Friday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,100 level, dragged by losses in energy stocks nearly offset by gains in mining and financial stocks.

The benchmark S&P/ASX 200 Index is losing 10.20 points or 0.15 percent to 7,048.20, after hitting a low of 7,045.70 earlier. The broader All Ordinaries Index is down 9.60 points or 0.13 percent to 7,259.90. Australian markets ended notably lower on Thursday.

Among major miners, BHP Group, Fortescue Metals, Mineral Resources and Rio Tinto are edging up 0.4 to 0.5 percent each. Oil stocks are mostly lower. Santos is losing almost 1 percent, Woodside Energy is declining more than 2 percent and Beach energy is down more than 1 percent, while Origin Energy is gaining almost 1 percent.

Among tech stocks, Afterpay owner Block, Appen and Xero are edging up 0.4 to 0.5 percent each, while WiseTech Global is gaining almost 1 percent and Zip is adding almost 2 percent.

Among the big four banks, Commonwealth Bank is edging up 0.2 percent, while ANZ Banking, National Australia Bank and Westpac are losing almost 1 percent each. Gold miners are mostly higher. Northern Star Resources is gaining more than 3 percent, Evolution Mining is surging more than 5 percent, Resolute Mining is adding almost 2 percent, Gold Road Resources is advancing more than 4 percent and Newmont is up 1.5 percent.

In the currency market, the Aussie dollar is trading at $0.647 on Friday.

On Wall Street, stocks turned in a relatively lackluster performance during trading on Thursday after moving sharply higher over the past few sessions. The major averages spent most of the session modestly below the unchanged line but ended the day narrowly mixed.

The Dow closed down 45.74 points or 0.1 percent at 34,945.47, while the Nasdaq crept up 9.84 points or 0.1 percent to 14,113.67 and the S&P 500 inched up 5.36 points or 0.1 percent to a more than two-month closing high of 4,508.24.

The major European markets also ended mixed on the day. The U.K.'s FTSE 100 Index slumped by 1.0 percent and the French CAC 40 Index slid by 0.6 percent, although the German DAX Index bucked the downtrend and edged up by 0.2 percent.

Crude oil prices fell sharply Thursday on fears of a likely drop in energy demand after soft data from the U.S., Europe and Asia raised worries about an economic slowdown. West Texas Intermediate Crude oil futures for December tumbled $3.76 or 4.9 percent at $72.90 a barrel.

read more
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | 1h 9min atrás
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | 2h 53min atrás
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | 5h 40min atrás
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | 5h 43min atrás
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 6h 27min atrás
U.S. Producer Prices Inch Up Less Than Expected In May

U.S. Producer Prices Inch Up Less Than Expected In May

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May.
RTTNews | 6h 53min atrás
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | 7h 12min atrás