Australian Market Significantly Higher

RTTNews | Před 881 dny
Australian Market Significantly Higher

(RTTNews) - The Australian stock market is trading significantly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving to just below the 7,200 level, following the broadly positive cues from Wall Street overnight, aided by gains in mining and energy sectors amid firmer commodity prices.

The benchmark S&P/ASX 200 Index is gaining 57.90 points or 0.81 percent to 7,188.90, after touching a high of 7,194.20 earlier. The broader All Ordinaries Index is up 59.90 points or 0.82 percent to 7,396.50. Australian stocks ended modestly lower on Tuesday.

Among major miners, BHP Group, Rio Tinto and Fortescue Metals are gaining almost 2 percent each, while Mineral Resources is advancing almost 3 percent. OZ Minerals is flat.

Oil stocks are mostly higher. Santos is edging up 0.1 percent, while Beach energy and Woodside Energy are gaining more than 1 percent each. Origin Energy is losing almost 1 percent.

In the tech space, Afterpay owner Block is gaining almost 2 percent and Appen is up almost 1 percent, while Xero is slipping more than 6 percent and WiseTech Global is edging down 0.2 percent. Zip is flat.

Among the big four banks, National Australia Bank is gaining more than 1 percent, ANZ Banking is adding almost 1 percent and Commonwealth Bank is edging up 0.1 percent. Westpac is flat.

Among gold miners, Newcrest Mining and Northern Star Resources are gaining almost 2 percent, while Evolution Mining and Gold Road Resources are adding more than 2 percent each. Resolute Mining is up more than 1 percent.

In the currency market, the Aussie dollar is trading at $0.689 on Wednesday.

On Wall Street, stocks climbed higher and settled on a firm note on Tuesday after swinging between gains and losses till a little past noon. Optimism surrounding China's reopening helped offset concerns about interest rates.

The major averages all ended with strong gains. The Dow ended higher by 186.45 points or 0.56 percent at 33,704.10. The S&P 500 settled at 3,919.25, up 27.16 points or 0.7 percent from the previous close. The Nasdaq climbed 106.98 points or 1.01 percent to settle at 10,742.63.

Meanwhile, the major European markets have all moved to the downside on the day. The U.K.'s FTSE 100 dropped 0.39 percent, Germany's DAX ended 0.12 percent down, and France's CAC 40 drifted down 0.55 percent.

Crude oil prices settled higher on Tuesday, gaining for a fourth straight session, amid expectations energy demand will pick up after China decided to reopen its economy. West Texas Intermediate Crude oil futures for February ended higher by $0.49 or about 0.7 percent at $75.12 a barrel.

read more
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.
RTTNews | Před 22 minutami
TSX Up Marginally; Energy Stocks Rise

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.
RTTNews | Před 1 h 30 min
U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.
RTTNews | Před 2 h 6 min
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | Před 5 h 0 min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Tuesday morning with investors looking for directional clues as they await the outcome of the U.S.-China trade negotiations.
RTTNews | Před 5 h 53 min
FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

FTSE 100 Advances; Persimmon, Marks & Spencer Among Top Gainers

Despite data showing an increase in the nation's unemployment rate, U.K. stocks are up in positive territory a little past noon on Tuesday on selective buying amid some optimism over the ongoing U.S.-China trade talks in London.
RTTNews | Před 6 h 26 min
CAC 40 Down Marginally In Cautious Trade

CAC 40 Down Marginally In Cautious Trade

French stocks are largely subdued on Tuesday as investors refrain from making significant moves while awaiting the outcome of the ongoing trade talks between U.S. and Chinese officials in London.
RTTNews | Před 7 h 11 min