Australian Market Significantly Higher

RTTNews | 59 दिनों पहले
Australian Market Significantly Higher

(RTTNews) - The Australian stock market is significantly higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to a tad below the 7,700.00 level, with gains across all sectors led by mining and energy stocks.

The benchmark S&P/ASX 200 Index is gaining 52.10 points or 0.68 percent to 7,698.60, after touching a high of 7,712.50 earlier. The broader All Ordinaries Index is up 54.30 points or 0.69 percent to 7,908.00. Australian stocks closed significantly lower on Friday.

Among the major miners, BHP Group is gaining almost 3 percent, Fortescue Metals is advancing more than 2 percent, Rio Tinto is adding more than 1 percent and Mineral Resources is surging more than 5 percent. Oil stocks are mostly higher. Woodside Energy and Santos are gaining more than 1 percent each, while Beach energy is adding almost 1 percent. Origin Energy is edging down 0.3 percent.

Among tech stocks, Afterpay owner Block is gaining almost 1 percent, Xero is edging up 0.5 percent and WiseTech Global is adding more than 1 percent, while Appen is losing almost 2 percent and Zip is sliding more than 1 percent.

Gold miners are higher. Evolution Mining and Resolute Mining are gaining more than 3 percent each, while Gold Road Resources is edging up 0.2 percent, Northern Star Resources is up more than 1 percent and Newmont is adding almost 4 percent.

Among the big four banks, Commonwealth Bank and Westpac are gaining almost 1 percent each, while ANZ Banking and National Australia Bank are edging up 0.3 to 0.5 percent each.

In other news, shares in DroneShield are soaring almost 15 percent after the drone defence company announced it had received a package of five separate contracts totalling $32.2 million.

Shares in Neuren Pharmaceuticals are also soaring more than 16 percent after its upcoming Phase 3 trial for NNZ-2591, a potential treatment for Phelan-McDermid syndrome (PMS), has received the green light from the US FDA to proceed as planned.

In the currency market, the Aussie dollar is trading at $0.629 on Monday.

On Wall Street, stocks moved sharply higher over the course of the trading day on Friday after showing a lack of direction early in the session. The major averages all showed strong moves to the upside, partly offsetting the substantial pullback seen during Thursday's session.

The major averages moved roughly sideways going into the close, hovering firmly in positive territory. The Nasdaq shot up 337.14 points or 2.1 percent to 16,724.46, the S&P 500 surged 95.31 points or 1.8 percent to 5.363.36 and the Dow jumped 619.05 points or 1.6 percent to 40,212.71.

Meanwhile, the major European markets also ended the day mixed. While the U.K.'s FTSE 100 Index climbed 0.6 percent, the French CAC 40 Index fell by 0.3 percent and the German DAX Index slid by 0.9 percent.

Crude oil prices moved sharply higher over the course of the trading day on Friday after showing a lack of direction early in the session. West Texas Intermediate for May delivery surged $1.43 or to $61.50 a barrel, partly offsetting the $2.28 or 3.7 percent slump to $60.07 a barrel seen during Thursday's session.

read more
DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

DAX Down Sharply As Trade Concerns, Middle East Tensions Hurt Sentiment

German stocks are notably lower on Thursday, weighed down by trade tensions and escalating tensions in the Middle East. Amid a lack of specifics in the much talked about framework agreement, it is feared that the U.S.-China trade tensions may not subside any significantly for now.
RTTNews | 51 मिनटों पहले
UK Economy Contracts Most Since 2023

UK Economy Contracts Most Since 2023

The UK economy contracted at the fastest pace in 18 months in April as the end of stamp duty holiday, tax hike on businesses and higher US trade tariffs damped the positive momentum seen at the start of the year. Real gross domestic product declined 0.3 percent month-on-month in April, following a growth of 0.2 percent in March, the Office for National Statistics reported Thursday.
RTTNews | 1घंटे 21 मिनट पहले
FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

FDA Upgrades Medtronic Recall Of Newport Ventilators To Class I

Medical devices maker Medtronic plc has urged customers to discontinue clinical use of the recently recalled certain Newport branded ventilators and certain related service parts after the U.S. Food and Drug Administration upgraded it to a Class I recall. According to the FDA, a Class I recall is the most serious type of recall, a situation where the use of, or exposure to, a violative product...
RTTNews | 2घंटे 39 मिनट पहले
Pound Slides On Weak U.K. GDP Data

Pound Slides On Weak U.K. GDP Data

The British pound weakened against other major currencies in the European session on Thursday, as U.K. economy shrank more than expected in April largely reflecting a fall in services output.
RTTNews | 2घंटे 53 मिनट पहले
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 3घंटे 6 मिनट पहले