Australian Market Modestly Higher

RTTNews | 993 hari yang lalu
Australian Market Modestly Higher

(RTTNews) - The Australian stock market is modestly higher on Friday, extending the gains in the previous session, with the benchmark S&P/ASX 200 staying below the 6,900 level, following the broadly positive cues from Wall Street overnight, with gains across most sectors, led by technology stocks.

The benchmark S&P/ASX 200 Index is gaining 17.90 points or 0.26 percent to 6,866.60, after touching a high of 6,882.40 earlier. The broader All Ordinaries Index is up 22.20 points or 0.31 percent to 7,107.50. Australian markets ended sharply higher on Thursday.

Among major miners, BHP Group is gaining more than 1 percent, Rio Tinto is adding almost 1 percent and Fortescue Metals is advancing more than 3 percent, while OZ Minerals is edging down 0.4 percent. Mineral Resources is soaring almost 11 percent on reports of a potential demerger of its lithium operations amid recent restructuring to maximise value for shareholders.

Oil stocks are mostly weak. Origin Energy and Beach energy are edging down 0.3 to 0.5 percent each, while Santos is losing almost 1 percent. Woodside Energy is edging up 0.1 percent.

Among tech stocks, Afterpay owner Block is gaining almost 4 percent, Appen is adding more than 2 percent, Xero is up almost 1 percent and WiseTech Global is advancing more than 3 percent, while Zip is losing almost 3 percent. Among the big four banks, National Australia Bank, Westpac and ANZ Banking are gaining almost 1 percent each, while Commonwealth Bank is edging up 0.2 percent.

Gold miners are strong. Newcrest Mining and Northern Star Resources are adding more than 1 percent each, while Resolute Mining is gaining almost 1 percent, Evolution Mining is advancing almost 4 percent and Gold Road Resources is up more than 1 percent.

In the currency market, the Aussie dollar is trading at $0.679 on Friday.

On Wall Street, stocks saw significant volatility during trading on Thursday, with the major averages showing wild swings before eventually the day firmly positive. With the upward move on the day, the major averages extended the recovery rally seen in the previous session.

The major averages continued to recover after ending Tuesday's trading at their lowest closing levels in over a month. The Dow climbed 193.24 points or 0.6 percent to 31,774.52, the Nasdaq rose 70.23 points or 0.6 percent to 11,862.13 and the S&P 500 advanced 26.31 points or 0.7 percent to 4,006.18.

Meanwhile, the major European markets also finished the day mixed. While the German DAX Index edged down by 0.1 percent, the U.K.'s FTSE 100 Index and the French CAC 40 Index both climbed by 0.3 percent.

Crude oil futures settled higher Thursday following Russia's threat to halt oil and gas exports to some buyers. West Texas Intermediate Crude oil futures for October ended higher by $1.60 or 2 percent at $83.54 a barrel.

read more
Yen Falls As U.S. Court Blocks Trump's Tariffs

Yen Falls As U.S. Court Blocks Trump's Tariffs

The Japanese yen weakened against other major currencies in the Asian session on Thursday, after a U.S. federal court blocked U.S. President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority.
RTTNews | 1j 10min yang lalu
European Shares Set To Open On Buoyant Note

European Shares Set To Open On Buoyant Note

European stocks may open on a buoyant note Thursday as chip giant Nvidia reported better-than-expected earnings and revenue, and a U.S. federal court blocked President Donald Trump's attempt to impose sweeping tariffs under emergency powers, dealing a blow to a key part of his economic agenda.
RTTNews | 1j 53min yang lalu
Bank Of Korea Cuts Policy Rate By 25 Bps

Bank Of Korea Cuts Policy Rate By 25 Bps

The Bank of Korea lowered its benchmark rate by a quarter-point to mitigate downside pressure on the economy. The monetary policy board, governed by Rhee Chang Yong, unanimously decided to cut the Base Rate by 25 basis points to 2.50 percent. The bank had previously reduced the benchmark rate by a quarter-point in February.
RTTNews | 2j 37min yang lalu
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Thursday.
RTTNews | 2j 43min yang lalu
Sensex, Nifty Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty Modestly Higher; IT Stocks Lead Gains

Indian shares opened on a firm note Thursday after technology giant Nvidia buoyed investors with a bullish outlook for the growth in artificial intelligence and the U.S. Court of International Trade blocked President Trump's proposed "Liberation Day" tariffs, saying he had overstepped his authority.
RTTNews | 3j 15min yang lalu
Australian Market Slightly Trims Early Gains In Mid-market

Australian Market Slightly Trims Early Gains In Mid-market

The Australian market is slightly trimming its early gains in mid-market moves on Thursday, reversing the slight losses in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,400 level, with gains in energy and technology stocks partially offset by a mixed performance in mining and financial stocks.
RTTNews | 4j 12min yang lalu
Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, after a U.S. federal court blocked US President Donald Trump's attempt to impose sweeping reciprocal tariffs against its global trading partners under emergency powers, saying he exceeded his authority. Asian markets closed mostly lower on Wednesday.
RTTNews | 4j 32min yang lalu
Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Sensex, Nifty Seen Higher As US Court Blocks Trump's Tariffs

Indian shares look set to open higher on Thursday as investors react to encouraging industrial output data, upbeat Nvidia earnings and a U.S. court ruling blocking President Trump's "Liberation Day" tariffs, citing overreach of power.
RTTNews | 5j 7min yang lalu