Australian Market Swings To Slight Gains In Mid-market

RTTNews | 77 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
ECB Leaves Rates Unchanged As Expected

ECB Leaves Rates Unchanged As Expected

The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.
RTTNews | 11 minutes ago
UK Private Sector Growth Moderates On Services Activity

UK Private Sector Growth Moderates On Services Activity

UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.
RTTNews | 52 minutes ago
Bay Street Likely To Open On Mixed Note; Trade Talks, Earnings In Focus

Bay Street Likely To Open On Mixed Note; Trade Talks, Earnings In Focus

Canadian shares are likely to open on a mixed note Thursday morning with investors focusing on trade talks between Canadian and U.S. officials, and reacting to the latest batch of economic data. The focus will also be on U.S. President Donald Trump's visit to the Federal Reserve today. Ahead of next week's policy meeting of the Fed, the visit looks significant.
RTTNews | 1h 23min ago
Eurozone Private Sector Growth At 11-Month High

Eurozone Private Sector Growth At 11-Month High

The euro area private sector grew at the fastest pace in almost a year in July as the recession in the manufacturing sector is coming to an end, flash survey results from S&P Global revealed Thursday. The HCOB composite output index posted 51.0 in July, up from 50.6 in the previous month. A score above 50.0 signals expansion.
RTTNews | 1h 26min ago
Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell Lifts FY25 Outlook Above Markt After Q2 Beats Street

Honeywell International Inc. (HON), which is preparing to separate into three public companies, on Thursday lifted its fiscal 2025 outlook for earnings and revenues after reporting higher second-quarter results above market estimates. In pre-market activity on the Nasdaq, Honeywell shares were losing around 1.4 percent.
RTTNews | 2h 47min ago
FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

FTSE 100 Up Nearly 1% On Encouraging Earnings Updates

U.K. stocks are up firmly in positive territory Thursday morning amid easing concerns about trade, as the U.S. and EU appear set to strike a deal sometime soon. Investors are also reacting to earnings updates and the latest batch of regional economic data.
RTTNews | 3h 21min ago
Deutsche Bank Shares Up On Highest Q2 Profit Since 2007; Maintains FY25 Guidance

Deutsche Bank Shares Up On Highest Q2 Profit Since 2007; Maintains FY25 Guidance

Shares of Deutsche Bank AG were gaining around 7 percent in the morning trading in Germany and around 6 percent in the pre-market activity on the NYSE, after the banking major reported Thursday a net profit in its second quarter, compared to prior year's loss, mainly on the non-recurrence of a litigation provision, and higher revenues.
RTTNews | 3h 39min ago