Australian Market Significantly Higher

RTTNews | 59 hari yang lalu
Australian Market Significantly Higher

(RTTNews) - The Australian stock market is significantly higher on Monday, reversing the losses in the previous session, following the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is moving up to a tad below the 7,700.00 level, with gains across all sectors led by mining and energy stocks.

The benchmark S&P/ASX 200 Index is gaining 52.10 points or 0.68 percent to 7,698.60, after touching a high of 7,712.50 earlier. The broader All Ordinaries Index is up 54.30 points or 0.69 percent to 7,908.00. Australian stocks closed significantly lower on Friday.

Among the major miners, BHP Group is gaining almost 3 percent, Fortescue Metals is advancing more than 2 percent, Rio Tinto is adding more than 1 percent and Mineral Resources is surging more than 5 percent. Oil stocks are mostly higher. Woodside Energy and Santos are gaining more than 1 percent each, while Beach energy is adding almost 1 percent. Origin Energy is edging down 0.3 percent.

Among tech stocks, Afterpay owner Block is gaining almost 1 percent, Xero is edging up 0.5 percent and WiseTech Global is adding more than 1 percent, while Appen is losing almost 2 percent and Zip is sliding more than 1 percent.

Gold miners are higher. Evolution Mining and Resolute Mining are gaining more than 3 percent each, while Gold Road Resources is edging up 0.2 percent, Northern Star Resources is up more than 1 percent and Newmont is adding almost 4 percent.

Among the big four banks, Commonwealth Bank and Westpac are gaining almost 1 percent each, while ANZ Banking and National Australia Bank are edging up 0.3 to 0.5 percent each.

In other news, shares in DroneShield are soaring almost 15 percent after the drone defence company announced it had received a package of five separate contracts totalling $32.2 million.

Shares in Neuren Pharmaceuticals are also soaring more than 16 percent after its upcoming Phase 3 trial for NNZ-2591, a potential treatment for Phelan-McDermid syndrome (PMS), has received the green light from the US FDA to proceed as planned.

In the currency market, the Aussie dollar is trading at $0.629 on Monday.

On Wall Street, stocks moved sharply higher over the course of the trading day on Friday after showing a lack of direction early in the session. The major averages all showed strong moves to the upside, partly offsetting the substantial pullback seen during Thursday's session.

The major averages moved roughly sideways going into the close, hovering firmly in positive territory. The Nasdaq shot up 337.14 points or 2.1 percent to 16,724.46, the S&P 500 surged 95.31 points or 1.8 percent to 5.363.36 and the Dow jumped 619.05 points or 1.6 percent to 40,212.71.

Meanwhile, the major European markets also ended the day mixed. While the U.K.'s FTSE 100 Index climbed 0.6 percent, the French CAC 40 Index fell by 0.3 percent and the German DAX Index slid by 0.9 percent.

Crude oil prices moved sharply higher over the course of the trading day on Friday after showing a lack of direction early in the session. West Texas Intermediate for May delivery surged $1.43 or to $61.50 a barrel, partly offsetting the $2.28 or 3.7 percent slump to $60.07 a barrel seen during Thursday's session.

read more
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Thursday, following the broadly negative cues from Wall Street overnight, after US President Donald Trump said he and Chinese President Xi Jinping "are going to work closely together to open up China to American Trade." However, signs of escalating geopolitical tensions in the Middle East are weighing on market sentiment.
RTTNews | 47 minit yang lalu
Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Sensex, Nifty Seen Lower As Investors Monitor Trade, Geopolitical Developments

Indian shares look set to open lower on Thursday as oil prices climbed on signs of rising tensions in the Middle East and U.S. President Donald Trump said he would notify trading partners within the next one to two weeks about the new unilateral tariff rates, with the choice to accept or reject them.
RTTNews | 1j 24min yang lalu
Rally May Stall For Thai Stock Market

Rally May Stall For Thai Stock Market

The Thai stock market has moved higher in back-to-back sessions, collecting more than 6 points or 0.6 percent along the way. The Stock Exchange of Thailand now rests just above the 1,140-point plateau although it may be stuck in neutral on Thursday.
RTTNews | 1j 57min yang lalu
Japanese Market Notably Lower

Japanese Market Notably Lower

The Japanese market is trading notably lower on Thursday, snapping a four-session winning streak, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling well below the 38,200 level, with weakness across most sectors led by automakers, exporters and technology stocks. Financial stocks are the only bright spot.
RTTNews | 2j 19min yang lalu
Indonesia Bourse May Extend Wednesday's Losses

Indonesia Bourse May Extend Wednesday's Losses

The Indonesia stock market on Wednesday ended the three-day winning streak in which it had gained almost 190 points or 2.7 percent. The Jakarta Composite Index now rests just above the 7,220-point plateau and the losses may accelerate on Thursday.
RTTNews | 2j 27min yang lalu
Australian Market Slightly Higher

Australian Market Slightly Higher

The Australian market is trading slightly higher on Thursday, extending the gains in the previous two sessions, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving a tad above the 8,600 level, with gains in gold miners and eergy partially offset by weakness in iron ore miners.
RTTNews | 2j 39min yang lalu
Hong Kong Bourse May Hand Back Wednesday's Gains

Hong Kong Bourse May Hand Back Wednesday's Gains

The Hong Kong stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,360-point plateau and it's likely to remain rangebound on Thursday.
RTTNews | 2j 42min yang lalu
Lower Open Anticipated For Taiwan Stock Market

Lower Open Anticipated For Taiwan Stock Market

The Taiwan stock market has moved higher in three straight sessions, accelerating more than 810 points or 3.6 percent along the way. The Taiwan Stock Exchange now sits just above the 22,470-point plateau although it's expected to open under water on Thursday.
RTTNews | 3j 27min yang lalu