Australian Market Modestly Higher

RTTNews | 53日前

(RTTNews) - The Australian stock market is trading modestly higher on Friday, reversing the slight losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains in financial and technology stocks partially offset by weakness in mining stocks.

The benchmark S&P/ASX 200 Index is gaining 15.30 points or 0.18 percent to 8,611.10, after touching a high of 8,616.80 earlier. The broader All Ordinaries Index is up 17.10 points or 0.19 percent to 8,850.70. Australian stocks closed slightly lower on Thursday.

Among major miners, BHP Group and Rio Tinto are losing almost 2 percent each, while Mineral Resources is edging down 0.1 percent. Fortescue Metals is flat.

Oil stocks are mostly lower. Santos is edging down 0.1 percent and Beach energy is losing almost 1 percent, while Origin Energy is gaining more than 1 percent. Woodside Energy is flat.

Among tech stocks, Afterpay-owner Block is losing almost 1 percent and Zip is edging down 0.3 percent, while WiseTech Global is gaining more than 1 percent, Appen is advancing more than 4 percent and Xero is adding almost 1 percent.

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

Gold miners are mostly lower. Evolution Mining is losing almost 1 percent, Resolute Mining is down more than 1 percent and Northern Star Resources is edging down 0.4 percent, while Newmont is gaining more than 1 percent. Gold Road Resources is flat.

In other news, shares in Silk Logistics are skyrocketing more than 22 percent after the ACCC announced it would not oppose DP World Australia's $174 million takeover of the national container services provider.

In the currency market, the Aussie dollar is trading at $0.657 on Friday.

On Wall Street, stocks saw continued strength during trading on Thursday after moving mostly higher over the course of Wednesday's session. With the continued advance, the Nasdaq and the S&P 500 once again reached new record closing highs.

The major averages moved roughly sideways after an early upward move, hovering firmly in positive territory. The Nasdaq jumped 207.97 points or 1.0 percent to 20,601.10, the S&P 500 advanced 51.93 points or 0.8 percent to 6,279.35 and the Dow climbed 344.11 points or 0.7 percent to 44,828.53.

The major European markets also moved to the upside on the day. While the French CAC 40 Index crept up by 0.6 percent, the U.K.'s FTSE 100 Index and the German DAX Index both climbed by 0.6 percent.

Crude oil prices settled lower on Thursday as excess U.S. inventories and an upcoming OPEC+ meeting triggered supply side concerns. West Texas Intermediate crude for August delivery closed down by $0.45, to settle at $67 per barrel.

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.

RTTNews | 14分前

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.

RTTNews | 44分前

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 59分前

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 1時14分前

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 2時14分前

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | 3時26分前

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.

RTTNews | 5時48分前

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 6時6分前

EURUSD	1.16405	GBPUSD	1.34755	AUDUSD	0.64942
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