Australian Market Slightly Lower

RTTNews | 61 dni temu

(RTTNews) - The Australian market is trading slightly lower on Thursday, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,600 level, with a mixed performance across most sectors. The benchmark S&P/ASX 200 Index is losing 7.50 points or 0.09 percent to 8,551.70, after hitting a low of 8,534.50 earlier. The broader All Ordinaries Index is down 6.70 points or 0.08 percent to 8,773.20. Australian stocks ended slightly higher on Wednesday.

Among major miners, BHP Group and Rio Tinto are edging up 0.1 to 0.5 percent each, while Mineral Resources is gaining almost 3 percent and Fortescue Metals is adding almost 1 percent.

Oil stocks are mixed. Santos is gaining almost 1 percent, while Beach energy and Woodside Energy are edging down 0.4 percent each. Origin Energy is flat.

In the tech space, Zip is gaining more than 2 percent, WiseTech Global is edging up 0.2 percent and Appen is adding more than 4 percent, while Afterpay owner Block is losing almost 1 percent. Xero is tumbling almost 8 percent after the software giant agreed to a $3.9 billion acquisition of American accounting and invoicing platform Melio Payments.

Among the big four banks, Commonwealth Bank, Westpac and ANZ Banking are edging down 0.3 to 0.4 percent each, while National Australia Bank is edging up 0.1 percent.

Among gold miners, Northern Star Resources and Evolution Mining are losing more than 1 percent each, while Gold Road Resources is down almost 1 percent. Resolute Mining and Newmont are gaining almost 1 percent each.

In the currency market, the Aussie dollar is trading at $0.652 on Thursday.

On Wall Street, stocks initially extended the rally seen to start the week early in the session on Wednesday before giving back ground over the course of the trading day. The major averages pulled back off their early highs, eventually ending the day narrowly mixed.

While the tech-heavy Nasdaq rose 61.02 points or 0.3 percent to a new four-month closing high of 19,973.55, the S&P 500 edge down 0.02 points or less than a tenth of a percent to 6,092.16 and the Dow slipped 106.59 points or 0.3 percent to 42,982.43.

Meanwhile, the major European markets moved to the downside on the day. While the U.K.'s FTSE 100 Index fell by 0.5 percent, the German DAX Index declined by 0.6 percent and the French CAC 40 Index slid by 0.8 percent.

Crude oil prices moved higher on Wednesday as an EIA report indicated a draw in crude oil inventories and a surge in U.S. gasoline demand to a three-and-a-half-year high. West Texas Intermediate crude oil for August delivery closed up by $0.55 to settle at $64.92 per barrel.

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 17 minut temu

Taiwan Bourse May Hand Back Monday's Gains

The Taiwan stock market bounced higher again on Monday, one session after ending the two-day winning streak in which it had gained more than 600 points or 2.6 percent. The Taiwan Stock Exchange now rests just above the 24,275-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. For the day, the index surged 512.91 points or 2.16 points to finish at 24,277.38 after trading between 24,108.75 and 24,362.02. Among the actives, Mega Financial and United Microelectronics Corporation both eased 0.12 percent, while Fubon Financial jumped 1.93 percent, E Sun Financial and Formosa Plastics both sank 0.74 percent, Taiwan Semiconductor Manufacturing Company accelerated 3.08 percent, Hon Hai Precision rallied 2.47 percent, Largan Precision added 0.42 percent, MediaTek soared 3.30 percent, Novatek Microelectronics climbed 1.18 percent, Nan Ya Plastics surged 3.53 percent, Asia Cement gained 0.40 percent and Cathay Financial, CTBC Financial and Catcher Technology were unchanged.

RTTNews | 47 minut temu

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1g 17 minut temu

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1g 47 minut temu

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 2g 2 minut temu

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2g 17 minut temu

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 3g 17 minut temu

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 4g 30 minut temu

EURUSD	1.16379	GBPUSD	1.34706	AUDUSD	0.64868
USDJPY	147.336	USDCAD	1.38506	USDCHF	0.80439