Australian Market Slightly Lower

RTTNews | vor 572 Tagen
Australian Market Slightly Lower

(RTTNews) - Extending the losses in the previous session, the Australian stock market is slightly lower on Friday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 7,100 level, dragged by losses in energy stocks nearly offset by gains in mining and financial stocks.

The benchmark S&P/ASX 200 Index is losing 10.20 points or 0.15 percent to 7,048.20, after hitting a low of 7,045.70 earlier. The broader All Ordinaries Index is down 9.60 points or 0.13 percent to 7,259.90. Australian markets ended notably lower on Thursday.

Among major miners, BHP Group, Fortescue Metals, Mineral Resources and Rio Tinto are edging up 0.4 to 0.5 percent each. Oil stocks are mostly lower. Santos is losing almost 1 percent, Woodside Energy is declining more than 2 percent and Beach energy is down more than 1 percent, while Origin Energy is gaining almost 1 percent.

Among tech stocks, Afterpay owner Block, Appen and Xero are edging up 0.4 to 0.5 percent each, while WiseTech Global is gaining almost 1 percent and Zip is adding almost 2 percent.

Among the big four banks, Commonwealth Bank is edging up 0.2 percent, while ANZ Banking, National Australia Bank and Westpac are losing almost 1 percent each. Gold miners are mostly higher. Northern Star Resources is gaining more than 3 percent, Evolution Mining is surging more than 5 percent, Resolute Mining is adding almost 2 percent, Gold Road Resources is advancing more than 4 percent and Newmont is up 1.5 percent.

In the currency market, the Aussie dollar is trading at $0.647 on Friday.

On Wall Street, stocks turned in a relatively lackluster performance during trading on Thursday after moving sharply higher over the past few sessions. The major averages spent most of the session modestly below the unchanged line but ended the day narrowly mixed.

The Dow closed down 45.74 points or 0.1 percent at 34,945.47, while the Nasdaq crept up 9.84 points or 0.1 percent to 14,113.67 and the S&P 500 inched up 5.36 points or 0.1 percent to a more than two-month closing high of 4,508.24.

The major European markets also ended mixed on the day. The U.K.'s FTSE 100 Index slumped by 1.0 percent and the French CAC 40 Index slid by 0.6 percent, although the German DAX Index bucked the downtrend and edged up by 0.2 percent.

Crude oil prices fell sharply Thursday on fears of a likely drop in energy demand after soft data from the U.S., Europe and Asia raised worries about an economic slowdown. West Texas Intermediate Crude oil futures for December tumbled $3.76 or 4.9 percent at $72.90 a barrel.

read more
Gold Dips As US-China Trade Talks Continue

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 | vor 14 Minuten
Crude Oil Prices Fade As US-China Talks Progress

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 | vor 20 Minuten
Canadian Dollar Appreciates Amid Risk Appetite

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 | vor 1Std 0 Minuten
Swiss Market Ends Marginally Down

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 | vor 2Std 25 Minuten
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 | vor 2Std 41 Minuten
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 | vor 3Std 49 Minuten
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 | vor 4Std 25 Minuten
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 | vor 7Std 19 Minuten