Australian Market Significantly Higher

RTTNews | Před 882 dny

(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.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | Před 1 h 37 min

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | Před 1 h 43 min

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | Před 2 h 23 min

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | Před 3 h 49 min

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 4 h 4 min

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 5 h 12 min

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 5 h 48 min

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 8 h 42 min

EURUSD	1.14231	GBPUSD	1.34933	AUDUSD	0.65225
USDJPY	144.845	USDCAD	1.36705	USDCHF	0.8222

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Australian Market Significantly Higher