Australian Market Extends Early Gains In Mid-market

RTTNews | 82 days ago
Australian Market Extends Early Gains In Mid-market

(RTTNews) - The Australian market is extending its early gains in mid-market moves on Thursday, adding to the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to stay below the 8,000 mark, with gains across most sectors led by mining and technology stocks. Energy stocks were the only weak spot.

The benchmark S&P/ASX 200 Index is gaining 47.00 points or 0.59 percent to 7,967.50, after touching a high of 7,975.00 earlier. The broader All Ordinaries Index is up 49.00 points or 0.60 percent to 8,174.20. Australian stocks ended sharply higher on Wednesday.

Among major miners, Mineral Resources is advancing more than 5 percent and Fortescue Metals is gaining more than 1 percent, while BHP Group and Rio Tinto are adding almost 1 percent each.

Oil stocks are mostly lower. Beach energy is down almost 1 percent, Santos is losing more than 1 percent and Woodside Energy is declining almost 2 percent, while Origin Energy is edging up 0.3 percent.

In the tech space, WiseTech Global is adding almost 2 percent, Appen is surging 6.5 percent, Zip is advancing almost 6 percent and Xero is up almost 1 percent, while Afterpay owner Block is down almost 1 percent.

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

Among gold miners, Evolution Mining is gaining more than 1 percent, Northern Star Resources is edging up 0.1 percent, Resolute Mining is adding almost 4 percent and Newmont is advancing more than 3 percent, while Gold Road Resources is losing almost 1 percent.

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

read more
Asian Shares Rise After Key China Data

Asian Shares Rise After Key China Data

Asian stocks rose broadly on Tuesday as traders brushed off U.S. President Donald Trump's tariff threats and reacted positively to Chinese GDP data for the first half of 2025.
RTTNews | 35 minutes ago
Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the European session on Tuesday.
RTTNews | 36 minutes ago
China GDP Growth Tops Expectations

China GDP Growth Tops Expectations

China's economy registered a faster-than-expected growth in the second quarter with strong support from exports and industrial production despite the US trade tariff threats but weaker investment and persistent deflation continued to pose challenges. Gross domestic product expanded 5.2 percent on a yearly basis after rising 5.4 percent in the previous quarter.
RTTNews | 1h 16min ago
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks may open broadly higher on Tuesday despite lingering concerns about U.S. President Donald Trump's tariff plans and aggressive negotiation tactics.
RTTNews | 3h 26min ago
European Economic News Preview: German ZEW Economic Sentiment Due

European Economic News Preview: German ZEW Economic Sentiment Due

Economic confidence from Germany and industrial production from euro area are the top economic news due on Tuesday. At 3.00 am ET, Spain's statistical office INE publishes final inflation data for June. The flash estimate showed that consumer price inflation rose to 2.2 percent from 2.0 percent in May.
RTTNews | 4h 16min ago
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,600 level, with gains across most sectors led by technology and financial stocks. Iron ore miners were the only weak spot.
RTTNews | 5h 47min ago