Australian Market Slightly Trims Early Losses In Mid-market

RTTNews | 49 days ago
Australian Market Slightly Trims Early Losses In Mid-market

(RTTNews) - The Australian market is slightly trimming its early losses in mid-market moves on Thursday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,350 level, with weakness across most sectors led by and technology and energy stocks. Gold miners are the only bright spot.

The benchmark S&P/ASX 200 Index is losing 43.50 points or 0.52 percent to 8,343.30, after hitting a low of 8,311.40 earlier. The broader All Ordinaries Index is down 44.70 points or 0.52 percent to 8,567.00. Australian stocks ended notably higher on Wednesday.

Among major miners, BHP Group is edging down 0.4 percent and Fortescue Metals is losing almost 2 percent, while Rio Tinto and Mineral Resources are declining almost 1 percent each.

Oil stocks are mostly lower. Santos is down almost 2 percent, Origin Energy is edging down 0.1 percent, Beach energy is declining almost 1 percent and Woodside Energy is losing more than 1 percent.

In the tech space, Afterpay owner Block is losing more than 2 percent, Xero is down almost 1 percent, Zip is sliding more than 6 percent and WiseTech Global is declining more than 1 percent, while Appen is gaining more than 3 percent.

Among the big four banks, Commonwealth Bank and National Australia Bank are losing more than 1 percent each, while Westpac is edging down 0.5 percent. ANZ Banking is edging up 0.2 percent.

Among gold miners, Northern Star Resources is advancing more than 4 percent, Gold Road Resources is gaining almost 2 percent, Newmont is up 2.5 percent and Evolution Mining is adding 1.5 percent, while Resolute Mining is edging down 0.5 percent.

In the currency market, the Aussie dollar is trading at $0.644 on Thursday.

read more
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 | 1h 18min 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 | 1h 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 | 2h 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 | 3h 7min ago
European Shares Extend Gains On Trade Deal Optimism

European Shares Extend Gains On Trade Deal Optimism

European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union. EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.
RTTNews | 3h 40min ago