Australian Market Maintains Slight Losses In Mid-market

RTTNews | hace 61
Australian Market Maintains Slight Losses In Mid-market

(RTTNews) - The Australian stock market is maintaining its slight losses in mid-market moves on Wednesday, snapping a five-session winning streak, with the benchmark S&P/ASX 200 staying well below the 8,300 level, following the mixed cues from Wall Street overnight, with a mixed performance across most sectors. Traders are also booking some profits following the recent upside in the markets.

The benchmark S&P/ASX 200 Index is losing 8.70 points or 0.11 percent to 8,260.30, after hitting a low of 8,247.00 earlier. The broader All Ordinaries Index is down 4.70 points or 0.06 percent to 8,506.00. Australian stocks ended modestly higher on Tuesday.

Among major miners, BHP Group is losing almost 1 percent, Rio Tinto is edging down 0.2 percent, while Mineral Resources is gaining more than 1 percent and Fortescue metals is adding almost 1 percent.

Oil stocks are mostly higher. Woodside Energy is adding more than 3 percent, Santos is edging up 0.3 percent and Beach energy is gaining almost 1 percent, while Origin Energy is losing almost 2 percent.

In the tech space, Afterpay owner Block is surging more than 6 percent, Zip is advancing almost 6 percent and Appen is adding more than 4 percent, while WiseTech Global and Xero are gaining more than 1 percent each.

Among the big four banks, National Australia bank and Commonwealth Bank are gaining almost 1 percent each, while Westpac is losing almost 1 percent and ANZ Banking is edging up 0.1 percent.

Among gold miners, Evolution Mining is gaining almost 1 percent, Gold Road Resources is up almost 2 percent and Resolute Mining is adding more than 2 percent, while Newmont is declining almost 2 percent and Northern Star Resources is losing more than 1 percent.

In other news, shares in Aristocrat Leisure are tumbling almost 13 percent after the gaming technology company reported downbeat half-year results.

Shares in Insignia Financial are plunging almost 15 percent after the Bain Capital pulled out from takeover talks amid volatility in global capital markets.

In the currency market, the Aussie dollar is trading at $0.648 on Wednesday.

read more
China GDP Data Due On Tuesday

China GDP Data Due On Tuesday

China will release a batch of data on Tuesday, highlighting a busy day for Asia-Pacific economic activity. On tap are Q2 numbers for gross domestic product and June figures for industrial production, retail sales, fixed asset investment and unemployment.
RTTNews | hace 38 minutos
Canadian Dollar Strengthens Amid Risk Appetite

Canadian Dollar Strengthens Amid Risk Appetite

The Canadian dollar advanced against its most major counterparts in the New York session on Monday, as investors shrugged off tariff threats from President Donald Trump over the weekend.
RTTNews | hace 1h 35min
Swiss Market Settles Slightly Up After Lackluster Session

Swiss Market Settles Slightly Up After Lackluster Session

The Switzerland market, which remained in the red save for a brief while at the fag end of the day's session, settled with a small gain on Monday. The mood in the market was very cautious as trade war fears escalated after U.S. President Donald Trump announced over the weekend that he would impose a 30% tariff on EU imports from August 1.
RTTNews | hace 4h 48min
European Stocks Close Mostly Lower

European Stocks Close Mostly Lower

Despite staging a recovery in late afternoon trades, European markets mostly ended on a weak note on Monday as worries about global trade escalated after U.S. President Donald Trump announced over the weekend that he would levy a 50% tariff on EU imports from August 1.
RTTNews | hace 5h 7min
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Monday morning, tracking a weak lead from European markets and firm commodity prices. The mood is likely to be cautious as investors await Canadian inflation data for the month of June on Tuesday.
RTTNews | hace 10h 20min
Pound Falls As Traders Speculate BoE Rate Cut Decision

Pound Falls As Traders Speculate BoE Rate Cut Decision

The British pound weakened against other major currencies in the European session on Monday, as traders speculate that the Bank of England (BoE) is likely to reduce its interest rate in the next month's monetary policy decision.
RTTNews | hace 10h 45min
FTSE 100 Modestly Higher

FTSE 100 Modestly Higher

The U.K. market is up in positive territory on Monday, even as other major markets in Europe are languishing in negative territory amid rising concerns about trade war following U.S. President Donald Trump's threat that he would impose a 30% tariff on EU imports from August 1.
RTTNews | hace 10h 57min
Dollar Rebounds As Trade War Escalates

Dollar Rebounds As Trade War Escalates

A steep escalation in the trade related tensions between the U.S. and its trade partners boosted the dollar and the Dollar Index during the week ended July 11.
RTTNews | hace 11h 10min