Australian Market Modestly Higher

RTTNews | vor 687 Tagen

(RTTNews) - The spike in commodity prices is pushing the Australian stock market modestly higher on Monday, extending the gains in the previous two sessions. The benchmark S&P/ASX 200 is moving to near the 7,000 mark, following the broadly positive cues from global markets on Friday, with gains across most markets, led by in gold miners and energy stocks.

The benchmark S&P/ASX 200 Index is gaining 21.20 points or 0.31 percent to 6,975.40, after touching a high of 6,998.90 earlier. The broader All Ordinaries Index is up 20.80 points or 0.29 percent to 7,163.80. Australian stocks closed modestly higher on Friday.

Among the major miners, Rio Tinto and BHP Group are gaining more than 1 percent each, while Fortescue Metals and Mineral Resources are edging up 0.1 to 0.3 percent each.

Oil stocks are mostly higher. Woodside Energy and Santos are gaining almost 3 percent each, while Origin Energy is edging up 0.2 percent and Beach energy is adding more than 2 percent.

Among tech stocks, Afterpay owner Block and Xero are gaining almost 1 percent each, while Appen is edging up 0.5 percent. WiseTech Global is edging down 0.1 percent. Zip is flat.

Gold miners are mostly higher. Gold Road Resources is gaining more than 3 percent, Northern Star Resources is surging almost 5 percent, Evolution Mining is soaring more than 6 percent, Newcrest Mining is adding more than 4 percent and Resolute Mining is advancing more than 5 percent. Among the big four banks, Commonwealth Bank is edging up 0.5 percent, while ANZ Banking, Westpac and National Australia Bank are adding almost 1 percent each.

In the currency market, the Aussie dollar is trading at $0.637 on Monday.

On Wall Street, stocks showed a substantial turnaround over the course of the trading session on Friday, rebounding from early weakness to end the day sharply higher. The major averages all moved to the upside, with the tech-heavy Nasdaq leading the charge.

The major averages pulled back off their best levels going into the close but remained firmly positive. The Nasdaq surged 211.51 points or 1.6 percent to 13,431.34, the S&P 500 jumped 50.31 points or 1.2 percent to 4,308.50 and the Dow advanced 288.01 points or 0.9 percent to 33,407.58.

The major European markets all also moved to the upside on the day. While the German DAX Index jumped by 1.1 percent, the French CAC 40 Index advanced by 0.9 percent and the U.K.'s FTSE 100 Index climbed by 0.6 percent.

Crude oil prices climbed higher Friday following recent losses, after data showed stronger than expected growth in U.S. non-farm payroll employment in September. West Texas Intermediate Crude oil futures for November added $0.48 or 0.6 percent at $82.79 a barrel. But WTI crude futures shed 9 percent in the week.

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | vor 12 Minuten

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | vor 52 Minuten

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | vor 1Std 20 Minuten

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | vor 1Std 22 Minuten

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | vor 1Std 38 Minuten

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | vor 1Std 40 Minuten

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | vor 1Std 53 Minuten

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | vor 2Std 22 Minuten

EURUSD	1.16355	GBPUSD	1.34626	AUDUSD	0.64809
USDJPY	147.574	USDCAD	1.38497	USDCHF	0.80479