Australian Market Notably Lower

RTTNews | 101日前
Australian Market Notably Lower

(RTTNews) - The Australian stock market is trading notably lower on Tuesday, extending the losses in the previous session, despite the broadly positive cues from European markets and lack of cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near that 8,500 level, with weakness in gold miners and financial stocks partially offset by gains in technology stocks.

Traders are cautious ahead of the announcement of the first interest rate decision of the year by the Reserve Bank of Australia (RBA) later in the day, where the RBA is widely expected to cut interest rates by 25 basis points.

The benchmark S&P/ASX 200 Index is losing 35.90 points or 0.42 percent to 8,501.20, after hitting a low of 8,496.80 earlier. The broader All Ordinaries Index is down 34.50 points or 0.39 percent to 8,777.40. Australian stocks closed modestly lower on Monday.

Among the major miners, BHP Group and Fortescue Metals are edging up 0.4 to 0.5 percent each, while Rio Tinto is edging down 0.4 percent and Mineral Resources is losing more than 3 percent.

Oil stocks are mostly lower. Santos is losing almost 1 percent, Woodside Energy is declining almost 2 percent, Beach energy is down more than 1 percent and Origin energy is edging down 0.3 percent. Among tech stocks, Appen is gaining more than 1 percent, Xero is edging up 0.2 percent and Zip is advancing almost 2 percent, while WiseTech Global is edging down 0.4 percent. Afterpay owner Block is flat.

Gold miners are mostly lower. Resolute Mining is losing almost 3 percent and Northern Star resources is down more than 1 percent, while Evolution Mining and Newmont are edging down 0.1 to 0.2 percent each. Gold Road Resources is gaining almost 1 percent.

Among the big four banks, Commonwealth Bank is losing more than 1 percent, ANZ Banking is edging down 0.3 percent, Westpac is declining almost 2 percent and National Australia Bank is down almost 1 percent.

In other news, shares in Hub24 are jumping more than 7 percent after the investment platform's profit soared 54 percent and boosted its interim dividend by 30 percent.

Shares in HMC Capital are soaring more than 12 percent after it reported assets under management rose 45 percent to $18.5 billion in the six months to December, with a significant profit contribution from its private equity division.

Aurizon lifted 1.6 per cent after the company resurrected the possibility of splitting its rail haulage and rail tracks businesses as earnings slide and the share price hovers close to historic lows

In the currency market, the Aussie dollar is trading at $0.634 on Tuesday.

On Wall Street, the markets were closed for Presidents Day on Monday after closing mixed on Friday.

Meanwhile, the major European markets moved to the upside on the day. The U.K.'s FTSE 100 gained 0.41 percent, Germany's DAX ended stronger by 1.26 percent and France's CAC 40 edged up 0.13 percent.

Crude oil prices were higher on Monday on the prospect of peace in Eastern Europe, as talks to end the war between Russia and Ukraine are expected to begin in Saudi Arabia later in the week. West Texas Intermediate (WTI) Crude Oil Futures for April settlement edged up 0.08 percent to close at $71.33 a barrel.

read more
Higher Open Tipped For Thai Stock Market

Higher Open Tipped For Thai Stock Market

The Thai stock market on Thursday ended the two-day slide in which it had dropped almost 20 points or 1.5 percent. The Stock Exchange of Thailand now rests just beneath the 1,165-point plateau and it's expected to open to the upside again on Friday.
RTTNews | 35分前
Japanese Market Sharply Lower

Japanese Market Sharply Lower

The Japanese stock market is sharply lower on Friday, snapping a five-session winning streak, despite the broadly positive cues from Wall Street overnight. The Nikkei 225 is falling below the 37,900 level, with weakness across most sectors led by index heavyweights, exporters and technology stocks.
RTTNews | 41分前
Additional Support Expected For Hong Kong Stock Market

Additional Support Expected For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last six trading days since the end of the two-day winning streak in which it had rallied almost 500 points or 2.2 percent. The Hang Seng Index now sits just beneath the 23,575-point plateau and it's tipped to open higher again on Friday.
RTTNews | 1時5分前
Australian Market Modestly Lower

Australian Market Modestly Lower

The Australian stock market is trading modestly loser on Friday, reversing the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,400 level, with weakness in iron ore miners and technology stocks partially offset by a mixed performance in energy and financial stocks.
RTTNews | 1時7分前
China Bourse May Extend Thursday's Gains

China Bourse May Extend Thursday's Gains

The China stock market on Thursday snapped the five-day losing streak in which it had surrendered almost 50 points or 1.5 percent. The Shanghai Composite Index now sits just beneath the 3,365-point plateau and it may see additional support on Friday.
RTTNews | 1時35分前
Japan Retail Sales Climb 3.3% On Year In April

Japan Retail Sales Climb 3.3% On Year In April

The value of retail sales in Japan was up 3.3 percent on year in April, the Ministry of Economy, Trade and Industry said on Friday - coming in at 12.925 trillion yen.
RTTNews | 1時51分前
Win Streak May Continue For Singapore Stock Market

Win Streak May Continue For Singapore Stock Market

The Singapore stock market has moved higher in three straight sessions, advancing more than 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,915-point plateau and it may add to its winnings again on Friday.
RTTNews | 2時5分前