Australian Market Slightly Higher

RTTNews | Před 508 dny
Australian Market Slightly Higher

(RTTNews) - Adding to the gains in the previous session, the Australian stock market is slightly higher on Tuesday, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying above the 7,600 level, with gains in iron ore miners partially offset by weakness in energy stocks. Other sectors were mixed.

The benchmark S&P/ASX 200 Index is gaining 6.20 points or 0.08 percent to 7,643.60, after touching a high of 7,651.50 earlier. The broader All Ordinaries Index is up 7.10 points or 0.09 percent to 7,913.70. Australian stocks closed significantly higher on Monday.

Among the major miners, Rio Tinto is edging up 0.2 percent and BHP Group is advancing almost 1 percent, while Mineral Resources and Fortescue Metals are adding almost 2 percent each.

Oil stocks are mostly lower. Santos is losing almost 1 percent and Beach energy is declining almost 2 percent, while Woodside Energy and Origin Energy are edging down 0.1 percent each.

Among tech stocks, Afterpay owner Block and WiseTech Global are edging down 0.2 to 0.5 percent each, while Zip and Xero are edging up 0.1 to 0.4 percent each. Appen is losing almost 2 percent.

Gold miners are mixed. Evolution Mining and Newmont are edging down 0.4 percent each, while Gold Road Resources is edging up 0.2 percent and Northern Star resources is gaining almost 1 percent. Resolute Mining is flat.

Among the big four banks, National Australia Bank, ANZ Banking and Westpac are edging up 0.1 to 2 percent each. Commonwealth Bank is flat.

In the currency market, the Aussie dollar is trading at $0.56 on Tuesday.

On Wall Street, stocks managed to see further upside during trading on Monday following the strong upward move seen last week. The major averages fluctuated over the course of the session but ended the day in positive territory.

The Dow rose 146.43 points or 0.4 percent to38389.09, the Nasdaq climbed 55.18 points or 0.4 percent to 15983.08 and the S&P 500 advanced 16.21 points or 0.3 percent to 5,116.17.

Meanwhile, the major European markets turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index inched up by 0.1 percent, the German DAX Index dipped by 0.2 percent and the French CAC 40 Index fell by 0.3 0.2 percent.

Crude oil prices settled lower on Monday amid worries about growth and outlook for oil demand and the rising possibility of the Federal Reserve delaying interest rate cuts. West Texas Intermediate Crude oil futures for June ended down by $1.22 or 1.45 percent at $82.63 a barrel.

read more
Swiss Market Ends Higher For 2nd Straight Session

Swiss Market Ends Higher For 2nd Straight Session

The Switzerland market opened on a slightly weak note on Friday, but recovered swiftly and then kept edging higher to eventually end the day's session on a firm note.
RTTNews | Před 4 h 32 min
Major European Markets Close Slightly Weak

Major European Markets Close Slightly Weak

The major European markets closed slightly down on Friday as investors assessed recent moves of the central banks and weighed the potential impact of tariffs. A bit of profit taking also contributed to the market's weak close.
RTTNews | Před 4 h 57 min
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

TSX Marches On, Hits Fresh Record High; Materials Stocks Rally

The Canadian market is up firmly in positive territory a little past noon on Friday, extending recent gains, thanks largely to strong buying in the materials sector. Energy stocks are struggling for support due to weak oil prices. The mood remains fairly bullish amid expectations the Bank of Canada and the Federal Reserve will announce further easing this year to boost growth.
RTTNews | Před 6 h 3 min
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings

The Japanese central bank left its key interest rate unchanged on Friday, as expected, but surprised markets with a decision to reduce the holdings of its massive stock of exchange-traded funds, suggesting that the monetary policy normalization is underway. The Bank of Japan policy board, led by Governor Kazuo Ueda, voted 7-2 to hold the uncollateralized overnight call rate at around 0.5 percen
RTTNews | Před 8 h 58 min
Bay Street Likely To Open On Subdued Note

Bay Street Likely To Open On Subdued Note

Canadian shares may open on a somewhat subdued note on Friday with investors reacting to retail sales data, and looking to take some profits following recent gains.
RTTNews | Před 9 h 42 min
Pound Slides As UK Bond Yield Soars

Pound Slides As UK Bond Yield Soars

The British pound weakened against other major currencies in the European session on Friday, as long-dated UK bond yields rise sharply in response to increasing public sector borrowings in August.
RTTNews | Před 11 h 27 min