Australian Market Modestly Lower

RTTNews | 864天前
Australian Market Modestly Lower

(RTTNews) - The Australian stock market is modestly lower on Monday after opening in the green, giving up the gains in the previous session, with the benchmark S&P/ASX 200 staying below the 7,500 level, despite the broadly positive cues from global markets on Friday, with strong gains in technology stocks, more than offset by weakness in mining stocks.

The benchmark S&P/ASX 200 Index is losing 13.40 points or 0.18 percent to 7,480.40, after hitting a low of 7,478.30 and a high of 7,505.60 earlier. The broader All Ordinaries Index is down 8.10 points or 0.11 percent to 7,701.40. Australian stocks closed modestly higher on Friday.

Among the major miners, Rio Tinto is losing almost 2 percent, BHP Group is down almost 1 percent and Fortescue Metals is declining more than 1 percent, while Mineral Resources is edging up 0.2 percent. OZ Minerals is flat.

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

Among tech stocks, Afterpay owner Block is surging more than 5 percent, Appen is gaining more than 3 percent, Xero is advancing almost 5 percent, WiseTech Global is rising almost 7 percent and Zip is up almost 4 percent.

Gold miners are mostly weak. Northern Star Resources is losing almost 1 percent, Newcrest Mining is down more than 1 percent and Gold Road Resources is declining more than 2 percent, while Resolute Mining is adding almost 2 percent. Evolution Mining is flat.

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

In other news, shares in IAG and Suncorp are slipping more than 4 percent and almost 3 percent, respectively, as the insurance firms announced they would be hit by significant losses due to the significant claims related to the floods in New Zealand.

In the currency market, the Aussie dollar is trading at $0.711 on Monday.

On Wall Street, stocks saw considerable volatility over the course of the trading session on Friday but managed to close mostly higher. The tech-heavy Nasdaq showed a strong move to the upside, ending the session at its best closing level in over four months.

The major averages pulled back well off their highs going into the close. While the Nasdaq jumped 109.30 points or 1.0 percent to 11,621.71, the S&P 500 rose 10.13 points or 0.3 percent to 4,070.56 and the Dow inched up 28.67 points or 0.1 percent to 33,978.08.

The major European markets also showed modest moves to the upside on the day. While the French CAC 40 Index closed just above the unchanged line, the U.K.'s FTSE 100 Index and the German DAX Index both inch up by 0.1 percent.

Crude oil prices fell Friday amid uncertainty about the outlook for oil demand. Profit taking after recent gains and indications that oil supply from Russia will surge also weighed on oil prices. West Texas Intermediate crude oil futures for March sank $1.33 or 1.6 percent at $79.68 a barrel. WTI crude futures shed 2.4 percent in the week.

read more
Bay Street Likely To Open On Negative Note

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.
RTTNews | 48分鐘前
U.S. Producer Prices Inch Up Less Than Expected In May

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

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.
RTTNews | 1小時14分鐘前
Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.
RTTNews | 1小時33分鐘前
FTSE 100 Recovers After Weak Start, Up Marginally

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain
RTTNews | 1小時43分鐘前
GameStop Shares Plunge After Plan To Raise $1.75 Bln

GameStop Shares Plunge After Plan To Raise $1.75 Bln

Shares of GameStop Corp. plunged around 11 percent in the extended trading on Wednesday and are currently trading 13 percent lower in the pre-market activity on the NYSE, after the company announced plan to raise $1.75 billion again in private offering, probably for Bitcoin purchase. GameStop's shares had declined sharply in March after the firm announced a $1.3 billion private offering.
RTTNews | 2小時44分鐘前
CAC 40 Down 0.7% As Tariff Concerns Weigh

CAC 40 Down 0.7% As Tariff Concerns Weigh

French stocks are down in negative territory on Thursday as renewed concerns about tariffs and Middle East tensions weigh on sentiment.
RTTNews | 2小時53分鐘前