Australian Market Significantly Higher

RTTNews | 883 일 전
Australian Market Significantly Higher

(RTTNews) - The Australian stock market is significantly higher on Monday, extending the gains in the previous three sessions, with the benchmark S&P/ASX 200 staying below the 7,200 level, following the broadly positive cues from global markets on Friday, with gains across most sectors, led by mining stocks after iron ore and gold prices firmed.

Data showing a drop in U.S. wage growth and a contraction in U.S. service sector activity in the month of December also helped ease concerns about aggressive policy tightening by the US Federal Reserve.

The benchmark S&P/ASX 200 Index is gaining 58.30 points or 0.82 percent to 7,167.90, after touching a high of 7,186.20 earlier. The broader All Ordinaries Index is up 61.80 points or 0.85 percent to 7,370.60. Australian stocks closed significantly higher on Friday.

Among the major miners, Rio Tinto is edging up 0.2 percent, BHP Group is gaining almost 2 percent and Mineral Resources is advancing more than 3 percent, while Fortescue Metals is edging down 0.5 percent. OZ Minerals is flat.

Oil stocks are higher. Woodside Energy and Santos are gaining more than 1 percent, while Beach energy is advancing almost 3 percent and Origin Energy is edging up 0.2 percent.

Among tech stocks, Afterpay owner Block is gaining almost 4 percent, Appen is adding almost 1 percent, Xero is advancing more than 2 percent, WiseTech Global is up more than 1 percent and Zip is rising almost 2 percent.

Gold miners are strong. Northern Star Resources is gaining more than 1 percent, Evolution Mining, Newcrest Mining are adding more than 2 percent, Gold Road Resources is edging up 0.4 percent and Resolute Mining is surging 4.5 percent.

Among the big four banks, Commonwealth Bank and Westpac are gaining almost 1 percent each, while National Australia Bank and ANZ Banking are adding more than 1 percent each.

In the currency market, the Aussie dollar is trading at $0.690 on Monday.

On Wall Street, stocks turned in a fine performance on Friday after opening on a slightly cautious note, and the major averages all ended with strong gains.

The Dow ended with a gain of 700.53 points or 2.13 percent at 33,630.61. The S&P 500 surged 86.98 points or 2.28 percent at 3,895.08, while the Nasdaq climbed 264.05 points or 2.56 percent to 10,569.29.

The major European markets also moved to the upside on the day. The U.K.'s FTSE 100 climbed 0.87 percent, Germany's DAX advanced 1.2 percent, and France's CAC 40 ended stronger by 1.47 percent.

Crude oil prices settled flat on Friday as fears of a global recession raised concerns about the outlook for energy demand. West Texas Intermediate Crude oil futures for February settled at $73.77 a barrel, up just 10 cents from the previous close.

read more
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 27 분 전
European Economic News Preview: UK Unemployment Data Due

European Economic News Preview: UK Unemployment Data Due

Unemployment from the UK and industrial production from Italy are the top economic news due on Tuesday. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is forecast to fall to 4.6 percent in three months to April from 4.5 percent in the preceding period.
RTTNews | 1 시간 24 분 전
Australian Market Doubles Early Gains In Mid-market

Australian Market Doubles Early Gains In Mid-market

The Australian stock market is doubling its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,600 level, with gains in iron ore miners, financial, technology and energy stocks partially offset by weakness in gold miners.
RTTNews | 2 시간 11 분 전
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.
RTTNews | 2 시간 53 분 전
Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Sensex, Nifty Seen Higher At Open As Sino-US Talks Continue

Indian shares look set to open on a positive note Tuesday as top officials from the U.S. and China continue their trade talks for a second day today to resolve their differences and ease tensions over rare-earth minerals and technology shipments.
RTTNews | 3 시간 20 분 전
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has ticked lower in back-to-back sessions, slipping more than 5 points or 0.4 percent along the way. The Stock Exchange of Thailand now rests just above the 1,135-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.
RTTNews | 3 시간 51 분 전