Australian Market Modestly Lower

RTTNews | il y a 578
Australian Market Modestly Lower

(RTTNews) - After opening in the green, the Australian stock market is currently trading modestly lower on Monday, extending the losses in the previous session, with the benchmark S&P/ASX 200 staying below the 7,000.00 mark, following the broadly positive cues from Wall Street on Friday, with traders cautiously awaiting a slew of domestic economic data later in the week that will provide cues on the outlook for interest rates.

The benchmark S&P/ASX 200 Index is losing 15.60 points or 0.22 percent to 6,960.90, after hitting a low of 6,857.00 earlier. The broader All Ordinaries Index is down 18.70 points or 0.26 percent to 7,157.90. Australian stocks closed notably lower on Friday.

Among the major miners, Rio Tinto and BHP Group are edging up 0.5 percent each, while Fortescue Metals and Mineral Resources are edging down 0.2 to 0.4 percent each.

Oil stocks are mostly higher. Origin Energy is gaining 1.5 percent and Beach energy is edging up 0.3 percent, while Santos is losing almost 1 percent. Woodside Energy is flat.

Among tech stocks, Afterpay owner Block and WiseTech Global are edging up 0.1 to 0.3 percent each, while Appen is adding more than 1 percent and Zip is advancing almost 3 percent. Xero is losing almost 2 percent.

Gold miners are mostly lower. Gold Road Resources and Evolution Mining are edging down 0.2 percent each, while Northern Star Resources is losing almost 1 percent. Resolute Mining is gaining more than 1 percent.

Among the big four banks, Commonwealth Bank is edging up 0.1 percent and National Australia Bank is gaining more than 1 percent, while ANZ Banking is losing more than 3 percent and Westpac edging down 0.4 percent.

In the currency market, the Aussie dollar is trading at $0.636 on Monday.

On Wall Street, stocks moved showed a substantial move back to the upside during trading on Friday, following the sharp pullback seen Thursday afternoon. The Nasdaq surged to a nearly two-month closing high, while the Dow and the S&P 500 reached their best closing levels in well over a month.

The major averages saw further upside going into the close, ending the session near their best levels of the day. The Nasdaq soared 276.66 points or 2.1 percent to 13,798.11, the S&P 500 spiked 67.89 points or 1.6 percent to 4,415.24 and the Dow jumped 391.16 points or 1.2 percent to 34,283.10.

Meanwhile, the major European markets showed significant moves to downside on the day. While the U.K.'s FTSE 100 Index slumped 1.3 percent, the French CAC 40 Index slid by 1.0 percent and the German DAX Index fell by 0.8 percent.

Crude oil prices rose sharply Friday, but the most active oil futures contract still suffered a third weekly loss as the disruption threats continued to fade. West Texas Intermediate Crude oil futures for December ended up $1.43 or 1.9 percent at $77.17 a barrel. WTI crude futures shed more than 4 percent in the week.

read more
Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
RTTNews | il y a 31 minutes
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | il y a 1h 26min
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | il y a 1h 49min
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | il y a 1h 50min
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | il y a 5h 5min
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | il y a 6h 49min
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | il y a 9h 36min
U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.
RTTNews | il y a 9h 40min