Australian Market Extends Early Gains In Mid-market

RTTNews | Před 48 dny
Australian Market Extends Early Gains In Mid-market

(RTTNews) - The Australian market is extending its early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to stay below the 8,000 mark, with gains across most sectors led by mining and technology stocks. Energy stocks were the only weak spot.

The benchmark S&P/ASX 200 Index is gaining 47.00 points or 0.59 percent to 7,967.50, after touching a high of 7,975.00 earlier. The broader All Ordinaries Index is up 49.00 points or 0.60 percent to 8,174.20. Australian stocks ended sharply higher on Wednesday.

Among major miners, Mineral Resources is advancing more than 5 percent and Fortescue Metals is gaining more than 1 percent, while BHP Group and Rio Tinto are adding almost 1 percent each.

Oil stocks are mostly lower. Beach energy is down almost 1 percent, Santos is losing more than 1 percent and Woodside Energy is declining almost 2 percent, while Origin Energy is edging up 0.3 percent.

In the tech space, WiseTech Global is adding almost 2 percent, Appen is surging 6.5 percent, Zip is advancing almost 6 percent and Xero is up almost 1 percent, while Afterpay owner Block is down almost 1 percent.

Among the big four banks, National Australia Bank, Westpac and ANZ Banking are gaining more than 1 percent each, while Commonwealth Bank is adding almost 1 percent.

Among gold miners, Evolution Mining is gaining more than 1 percent, Northern Star Resources is edging up 0.1 percent, Resolute Mining is adding almost 4 percent and Newmont is advancing more than 3 percent, while Gold Road Resources is losing almost 1 percent.

In the currency market, the Aussie dollar is trading at $0.636 on Thursday.

read more
U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

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

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.
RTTNews | Před 52 minutami
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.
RTTNews | Před 1 h 39 min
CAC 40 Drifts Lower In Cautious Trade

CAC 40 Drifts Lower In Cautious Trade

The French market is down in negative territory Wednesday afternoon, with stocks moving in a narrow range as investors await further details on U.S.-China trade talks, and the crucial inflation data from the U.S. later in the day.
RTTNews | Před 2 h 48 min
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | Před 3 h 54 min
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | Před 4 h 3 min
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | Před 4 h 5 min