Australian Market Notably Higher

RTTNews | 14 hari yang lalu
Australian Market Notably Higher

(RTTNews) - The Australian stock market is trading notably higher on Friday, extending 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 near the 8,700 level, with gains across all sectors led by technology and mining stocks.

The benchmark S&P/ASX 200 Index is gaining 55.70 points or 0.65 percent to 8,694.70, after touching a high of 8,696.50 earlier. The broader All Ordinaries Index is up 55.00 points or 0.62 percent to 8,945.80. Australian stocks closed significantly higher on Thursday.

Among major miners, BHP Group is gaining almost 2 percent and Mineral Resources is advancing more than 4 percent, while Fortescue Metals and Rio Tinto are adding more than 1 percent each.

In a fourth quarter and full year update, BHP reported production growth across all key commodities in the fourth quarter and record iron ore and copper production for the full year.

Oil stocks are mostly higher. Santos, Origin Energy and Beach energy are edging up 0.3 to 0.4 percent each, while Woodside Energy is gaining more than 1 percent.

Among tech stocks, Afterpay-owner Block and Appen are gaining almost 3 percent each, while Zip is advancing almost 4 percent, WiseTech Global is adding almost 1 percent and Xero is rising almost 2 percent.

Among the big four banks, National Australia Bank, ANZ Banking and Westpac are edging up 0.3 to 0.5 percent each, while Commonwealth Bank is edging down 0.1 percent.

Gold miners are mostly higher. Northern Star Resources is gaining almost 1 percent, while Gold Road Resources and Newmont are edging up 0.2 to 0.3 percent each. Resolute Mining is losing more than 1 percent and Evolution Mining is edging down 0.3 percent.

In the currency market, the Aussie dollar is trading at $0.650 on Friday.

On Wall Street, stocks saw further upside during trading on Thursday after moving modestly higher over the course of the previous session. With the continued upward move, the Nasdaq and the S&P 500 reached new record closing highs.

The major averages ended the session near their best levels of the day. The Nasdaq advanced 153.78 points or 0.7 percent to 20,884.27, the S&P 500 climbed 33.66 points or 0.5 percent to 6,297.36 and the Dow rose 229.71 points or 0.5 percent to 44,484.49.

The major European markets also moved to the upside on the day. While the U.K.'s FTSE 100 Index climbed by 0.5 percent, the French CAC 40 Index and the German DAX Index jumped by 1.3 percent and 1.5 percent, respectively.

Crude oil prices increased on Thursday as fresh tension brewing in the Middle East generated demand, while a drop in U.S. inventories was seen as reflecting robust summer demand. West Texas Intermediate crude for August delivery surged $1.16 to settle at $67.54 per barrel.

read more
Australian Market Maintains Early Losses In Mid-market

Australian Market Maintains Early Losses In Mid-market

The Australian stock market is maintaining its early losses in mid-market moves on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 45 minit yang lalu
Asian Markets Mixed Amid Tariff Uncertainty

Asian Markets Mixed Amid Tariff Uncertainty

Asian stock markets are trading mixed on Friday, following the broadly negative cues from Wall Street overnight, as uncertainty over US reciprocal tariffs still lingers with less than a day remaining for the crucial deadline for negotiations to reach a trade deal expires. US President Donald Trump's revised tariffs on several countries lacking deals are set to be fixed between 10 and 41 percent.
RTTNews | 1j 5min yang lalu
Japanese Market Notably Lower

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.
RTTNews | 2j 42min yang lalu
Australian Market Notably Lower

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 2j 44min yang lalu
Swiss Market Ends Moderately Lower

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.
RTTNews | 10j 31min yang lalu
European Stocks Close Mostly Weak As Investors React To Earnings

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.
RTTNews | 11j 2min yang lalu