Australian Market Significantly Higher

RTTNews | Před 883 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
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | Před 38 minutami
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | Před 1 h 12 min
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | Před 1 h 33 min
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | Před 1 h 42 min
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | Před 1 h 54 min
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | Před 1 h 57 min
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | Před 2 h 42 min
Continued Consolidation Called For Singapore Shares

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two straight sessions, sinking more than 15 points or 0.4 percent along the way. The Straits Times Index now sits just beneath the 3,920-point plateau and it may take further damage on Thursday.
RTTNews | Před 3 h 12 min