Australian Market Slightly Trims Early Losses In Mid-market

RTTNews | 99日前

(RTTNews) - The Australian stock market is slightly trimming its early losses in mid-market trading on Monday, snapping a four-session winning streak, following the mixed cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling below the 8,500.00 level, with weakness across most sectors led by mining and financial stocks.

The benchmark S&P/ASX 200 Index is losing 56.80 points or 0.66 percent to 8,499.00, after hitting a low of 8,480.20 earlier. The broader All Ordinaries Index is down 51.00 points or 0.58 percent to 8,774.10. Australian stocks closed modestly higher on Friday.

Among the major miners, BHP Group is edging down 0.4 percent each and Rio Tinto is declining almost 1 percent, while Fortescue Metals and Mineral Resources are losing almost 2 percent each. Oil stocks are mixed. Santos is edging down 0.5 percent and Woodside Energy is declining almost 3 percent, while Beach energy is edging up 0.4 percent and Origin Energy is gaining almost 2 percent.

Among tech stocks, Zip is surging more than 6 percent and Appen is adding more than 1 percent, while Afterpay owner Block, WiseTech Global and Xero are edging down 0.1 to 0.3 percent each.

Gold miners are mostly lower. Evolution Mining is declining more than 3 percent and Northern Star Resources is sliding almost 4 percent, while Gold Road Resources and Newmont are losing more than 2 percent each. Resolute Mining is gaining almost 1 percent.

Among the big four banks, Commonwealth Bank, ANZ Banking and National Australia Bank are losing almost 2 percent each, while Westpac is declining almost 6 percent after reporting downbeat results for the first quarter.

In other news, shares in BlueScope are jumping almost 10 percent after Australia's biggest steelmaker boosted its interim dividend to 30 cents despite a 59 percent drop in net profit after tax.

Shares in A2 Milk are soaring more than 18 percent after it upgraded full-year revenue guidance and announced its first dividend.

Shares in Bendigo and Adelaide Bank are tumbling almost 17 percent after reporting downbeat results for the first half.

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

U.S. Dollar Strengthens On Trump's Tariff Delay

The U.S. dollar was higher against its major counterparts in the New York session on Tuesday amid easing trade tensions between the U.S. and the European Union.

RTTNews | 1時16分前

European Stocks Close Broadly Higher On Strong Data, Easing Trade Tensions

European stocks closed on a positive note on Tuesday, continuing to benefit from U.S. President Donald Trump's decision to amid slightly easing concerns about a potential trade war following U.S. President Donald Trump's decision decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.

RTTNews | 2時44分前

U.S. Consumer Confidence Rebounds Much More Than Expected In May

A report released by the Conference Board on Tuesday showed a substantial improvement by U.S. consumer confidence in the month of May. The Conference Board said its consumer confidence index spiked to 98.0 in May after plunging to a downwardly revised 85.7 in April.

RTTNews | 5時26分前

U.S. Durable Goods Orders Plunge 6.3% In April As Aircraft Orders Plummet

With orders for transportation equipment pulling back sharply, the Commerce Department released a report on Tuesday showing a steep drop by new orders for U.S. manufactured durable goods in the month of April. The Commerce Department said durable goods orders tumbled by 6.3 percent in April after surging by a downwardly revised 7.6 percent in March.

RTTNews | 5時36分前

Dollar Plunges Amidst Renewed Trade Tensions And Fiscal Deficit Concerns

The Dollar recorded a massive plunge during the week ended May 23 amidst an escalation in tensions between the U.S. and its trading partners, particularly the European Union.

RTTNews | 6時54分前

Bay Street Seen Opening Higher Again

Canadian shares are likely to extend recent gains on Tuesday following U.S. President Donald Trump's decision to wait till July 9th to implement the 50% tariffs he had threatened to impose on imports from the European Union.

RTTNews | 7時4分前

U.S. Durable Goods Orders Pull Back Sharply In April

RTTNews | 7時4分前

Eurozone Economic Sentiment Rises More Than Forecast

Eurozone economic confidence strengthened more than expected in May as manufacturers, consumers and retailers showed signs of recovery, survey data from the European Commission revealed on Tuesday. The Economic Sentiment Indicator climbed to 94.8 from 93.8 in April. The reading was above forecast of 94.0. The rise in the ESI was primarily driven by the improvements in the industry, retail trad

RTTNews | 7時22分前

EURUSD	1.13371	GBPUSD	1.3512	AUDUSD	0.64464
USDJPY	144.249	USDCAD	1.38018	USDCHF	0.82712

Advertisement

Australian Market Slightly Trims Early Losses In Mid-market