Australian Market Notably Lower

RTTNews | 778 days ago
Australian Market Notably Lower

(RTTNews) - The Australian stock market is notably lower on Wednesday, extending the losses in the previous two sessions, with the benchmark S&P/ASX 200 staying above the 7,200 level, following the broadly negative cues from global markets overnight, with weakness across most sectors, led by technology and financial stocks.

The benchmark S&P/ASX 200 Index is losing 27.00 points or 0.37 percent to 7,232.90, after hitting a low of 7,227.30 earlier. The broader All Ordinaries Index is down 29.00 points or 0.39 percent to 7,418.40. Australian stocks ended slightly lower on Tuesday.

Among major miners, Fortescue Metals, Mineral Resources and Rio Tinto are edging down 0.2 to 0.3 percent each, while BHP Group is flat. Oil stocks are higher. Beach energy, Woodside Energy and Santos are gaining almost 1 percent each, while Origin Energy is edging up 0.2 percent.

In the tech space, Appen is losing more than 2 percent, Zip is declining more than 3 percent and WiseTech Global is edging down 0.1 percent, while Afterpay owner Block is gaining almost 1 percent. Xero is flat.

Among the big four banks, National Australia Bank, ANZ Banking and Westpac are losing almost 1 percent each, while Commonwealth Bank is edging down 0.4 percent.

Among gold miners, Resolute Mining is gaining almost 3 percent, Gold Road Resources is up more than 1 percent and Northern Star Resources is edging up 0.5 percent, while Evolution Mining and Newcrest Mining are adding almost 1 percent each.

In other news, shares in Webjet are up more than 3 percent after the online travel agency reported full-year revenues that more than doubled from last as demand for travel rebounds from the pandemic. It also swung to a profit.

In the currency market, the Aussie dollar is trading at $0.661 on Wednesday.

On Wall Street, stocks ended notably lower on Tuesday after staying weak right through the day's session due to sustained selling at several counters. A lack of significant progress in U.S. debt ceiling negotiations weighed on sentiment. Traders largely shrugged off data showing fairly sharp growth in the nation's private sector activity.

The major averages all ended notably lower. The Dow ended lower by 231.07 points or 0.69 percent at 33,055.51. The S&P 500 ended down 47.05 points or 1.12 percent at 4,145.58, while the Nasdaq settled at 12,560.25, down 160.53 points or 1.26 percent.

The major European markets also closed lower, weighed down by concerns about growth after data showed a contraction in eurozone manufacturing activity, and U.S. debt ceiling worries and signs of increasing Sino-U.S. tensions. The U.K.'s FTSE 100 edged down 0.1 percent, Germany's DAX dropped 0.44 percent and France's CAC fell 1.33 percent.

read more
U.S. Jobless Claims Unexpectedly Slip To 227,000

U.S. Jobless Claims Unexpectedly Slip To 227,000

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 1h 52min ago
U.S. Weekly Jobless Claims Unexpectedly Edge Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Lower

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 3h 5min ago
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares may open on a slightly mixed note on Thursday tracking the trend in the commodity markets, and somewhat firm European stocks. The focus, once again, will be on trade negotiations between the U.S. and several other major nations.
RTTNews | 3h 8min ago
FTSE 100 Rises To Record High As Mining Stocks Rally

FTSE 100 Rises To Record High As Mining Stocks Rally

The UK stock market climbed to a new record high Thursday morning, lifted by strong gains in the mining sector. The undertone in major European markets is quite firm today amid optimism about a potential trade deal between the U.S. and the European Union.
RTTNews | 4h 17min ago
CAC 40 Moderately Higher On Trade Deal Hopes

CAC 40 Moderately Higher On Trade Deal Hopes

French stocks are gaining some ground in positive territory on Thursday amid rising hopes the European Union will strike a trade deal with the U.S. sometime soon.
RTTNews | 4h 52min ago
DAX Modestly Up After Hitting Fresh Record High

DAX Modestly Up After Hitting Fresh Record High

German stocks are up in positive territory on Thursday, extending gains from the previous three sessions, as investors continue to focus on US-EU trade negotiations. Data showing a drop in Germany's consumer price inflation in the month of June is aiding sentiment.
RTTNews | 5h 12min ago
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 6h 7min ago