Australian Market Swings To Slight Gains In Mid-market

RTTNews | 64 days ago
Australian Market Swings To Slight Gains In Mid-market

(RTTNews) - The Australian market is turning its early losses to slight gains in mid-market moves on Thursday after opening in the red, extending the slight gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying just below the 8,200 level, with gains in gold miners and technology stocks partially offset by weakness in financial stocks.

The benchmark S&P/ASX 200 Index is gaining 12.20 points or 0.15 percent to 8,190.50, after hitting a low of 8,154.80 earlier. The broader All Ordinaries Index is up 20.80 points or 0.25 percent to 8,420.60. Australian stocks ended modestly higher on Wednesday.

Among major miners, Rio Tinto is gaining almost 1 percent, while BHP Group is edging down 0.1 percent and Fortescue Metals is losing almost 1 percent. Mineral Resources is flat.

Oil stocks are mixed. Santos is edging down 0.3 percent and Woodside Energy is losing almost 1 percent, while Origin Energy is gaining more than 1 percent and Beach energy is edging up 0.4 percent.

In the tech space, Afterpay owner Block and WiseTech Global are gaining almost 3 percent each, while Appen and Zip are adding almost 2 percent each. Xero is up almost 1 percent.

Among the big four banks, Commonwealth Bank is down almost 1 percent, Westpac is declining 4.5 percent and ANZ Banking is losing more than 3 percent, while National Australia Bank is gaining more than 1 percent.

Among gold miners, Northern Star Resources is adding almost 3 percent, Gold Road Resources is edging up 0.5 percent, Newmont is up almost 2 percent, Evolution Mining is gaining more than 3 percent and Resolute Mining is surging more than 4 percent.

In the currency market, the Aussie dollar is trading at $0.646 on Thursday.

read more
Swiss Market Ends Sharply Lower

Swiss Market Ends Sharply Lower

The Switzerland market closed weak on Friday, tracking weak global cues after U.S. President Donald Trump's latest tariff moves raised fears of a global trade war.
RTTNews | 1h 25min ago
European Stocks Close Weak As Trade War Fears Hurt Sentiment

European Stocks Close Weak As Trade War Fears Hurt Sentiment

European stocks closed lower on Friday as trade war fears resurfaced after U.S. President Donald Trump announced a 35% tariff on Canadian goods, effective August 1, 2025, and warned of a blanket tariff of 15-20% on most trading partners.
RTTNews | 1h 41min ago
Canadian Market Remains Weak On Tariff Concerns

Canadian Market Remains Weak On Tariff Concerns

After a weak start and a subsequent drop to lower levels, the Canadian market continues to languish in negative territory a little past noon on Friday. The mood is cautious amid escalating trade war fears following U.S. President Donald Trump announced a 35% tariff on all non-USMCA Canadian imports, effective August 1.
RTTNews | 2h 21min ago
Bay Street Likely To Open Lower

Bay Street Likely To Open Lower

Canadian shares look headed for a weak start on Friday due to trade war concerns, although fairly firm crude oil and bullion prices may help limit the market's downside. Data showing an increase in Canadian employment in the month of June and a drop in the unemployment rate may also aid sentiment a bit.
RTTNews | 6h 4min ago
Pound Falls As U.K. Economy Contracts For Second Straight Month

Pound Falls As U.K. Economy Contracts For Second Straight Month

The British pound weakened against other major currencies in the European session on Friday, as the UK economy shrank for the second consecutive month in May, adding challenges to Chancellor Rachel Reeves in achieving her self-imposed borrowing rules.
RTTNews | 6h 11min ago
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the European session on Friday.
RTTNews | 6h 34min ago
Yen Retreats Amid US-Japan Trade Uncertainty

Yen Retreats Amid US-Japan Trade Uncertainty

The Japanese yen retreated from early highs against other major currencies in the European session on Friday, amid concerns on US-Japan relations in light of Trump's placement of a 25 percent tariff on Japanese exports this week, which will go into force on August 1.
RTTNews | 7h 23min ago