Australian Market Modestly Higher

RTTNews | Před 57 dny
Australian Market Modestly Higher

(RTTNews) - The Australian stock market is trading modestly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,800 level, with small gains across most sectors led by iron ore miners and energy stocks.

The benchmark S&P/ASX 200 Index is gaining 22.70 points or 0.29 percent to the day's high of 7,771.30. The broader All Ordinaries Index is up 22.50 points or 0.28 percent to 7,982.20. Australian stocks closed sharply higher on Monday.

Among the major miners, BHP Group and Rio Tinto are gaining almost 1 percent each, while Fortescue Metals is edging up 0.4 percent. Mineral Resources is losing more than 1 percent.

Oil stocks are mostly higher. Origin Energy and Woodside Energy are edging up 0.4 percent each, while Beach energy is up almost 1 percent and Santos is gaining almost 2 percent.

Among tech stocks, Afterpay owner Block is edging up 0.2 percent and Zip is gaining almost 2 percent, while WiseTech Global is losing more than 1 percent. Appen and Xero are flat.

Gold miners are mostly lower. Evolution Mining and Gold Road Resources are losing almost 1 percent each, while Northern Star resources is declining almost 2 percent. Newmont is edging up 0.5 percent. Resolute Mining is flat.

Among the big four banks, National Australia Bank, ANZ Banking and Westpac are edging down 0.1 to 0.2 percent each, while Commonwealth Bank is edging up 0.3 percent.

In other news, shares in Bellevue Gold are plummeting almost 21 percent after the gold miner secured buyers for a $156.5 million new share placement.

In the currency market, the Aussie dollar is trading at $0.633 on Tuesday.

On Wall Street, stocks fluctuated over the course of the trading day on Monday but managed to end the day mostly higher after moving sharply higher over the course of last Friday's session. The major averages all finished the day firmly positive, climbing further off the one-year lows hit last Tuesday.

The Dow jumped 312.08 points or 0.8 percent to 40,524.79, the Nasdaq rose 107.03 points or 0.6 percent to 16,831.48 and the S&P 500 climbed 42.61 points or 0.8 percent to 5,405.07.

The major European markets also showed significant moves to the upside on the day. While the German DAX Index spiked by 2.9 percent, the French CAC 40 Index shot up by 2.4 percent and the U.K.'s FTSE 100 Index jumped by 2.1 percent.

Crude oil prices ticked higher on Monday on concerns that supply may not be able to keep up with demand. West Texas Intermediate for May delivery was up $0.29 or 0.47 percent to $61.82 per barrel.

read more
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 1 h 3 min
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | Před 1 h 12 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 1 h 13 min
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | Před 1 h 16 min
DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
RTTNews | Před 1 h 24 min
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | Před 3 h 4 min
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | Před 3 h 31 min