Australian Market Extends Early Gains In Mid-market

RTTNews | 83 dias atrás
Australian Market Extends Early Gains In Mid-market

(RTTNews) - The Australian stock market is extending its early gains in mid-market moves on Friday, adding to the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,200 level, with gains in technology and energy stocks partially offset by weakness in mining stocks.

The benchmark S&P/ASX 200 Index is gaining 39.70 points or 0.49 percent to 8,231.40, after touching a high of 8,231.70 earlier. The broader All Ordinaries Index is up 39.70 points or 0.47 percent to 8,461.40. Australian stocks closed modestly higher on Thursday.

Among major miners, Rio Tinto and BHP Group are losing almost 1 percent each, while Mineral Resources is gaining almost 2 percent and Fortescue Metals is edging up 0.1 percent. Oil stocks are mostly higher. Origin Energy is gaining more than 1 percent and Beach energy is advancing almost 2 percent, while Santos and Woodside Energy are adding more than 2 percent each.

Among tech stocks, Afterpay-owner Block is gaining more than 4 percent, Appen is surging more than 7 percent, WiseTech Global is adding more than 2 percent and Xero is up 2.5 percent. Zip is flat.

Among the big four banks, Westpac is adding almost 2 percent, while Commonwealth Bank and National Australia Bank are gaining more than 1 percent. ANZ Banking is losing almost 1 percent.

Gold miners are mostly lower. Evolution Mining and Resolute Mining are losing almost 3 percent each, while Northern Star Resources is down more than 1 percent and Newmont is declining almost 2 percent. Gold Road Resources is edging up 0.2 percent.

In other news, shares in Avita Medical are slumping almost 17 percent despite reaffirming expectations for a 55 percent to 65 per cent jump in full-year commercial revenue after the wound care product provider reported significant growth in both new and existing customer accounts.

In the currency market, the Aussie dollar is trading at $0.639 on Friday.

read more
Malaysian Ringgit Falls To More Than 1-month Low Against U.S. Dollar

Malaysian Ringgit Falls To More Than 1-month Low Against U.S. Dollar

The Malaysian ringgit weakened against the U.S. dollar in the Asian session on Thursday, after Prime Minister Anwar Ibrahim stated on Thursday, subsequent to a discussion with Trump, that the tariff rate on Malaysian products would be revealed on Friday.
RTTNews | 1 h 3 min atrás
European Shares Flat To Higher As Earnings Pour In

European Shares Flat To Higher As Earnings Pour In

European stocks were flat to slightly higher on Thursday as investors digested a slew of earnings and reacted to a flurry of trade and tariff-related announcements from U.S. President Donald Trump on the eve of his Friday deadline.
RTTNews | 1 h 37 min atrás
Bank Of Japan Keeps Rate On Hold; Lifts Inflation Forecast On Rising Food Prices

Bank Of Japan Keeps Rate On Hold; Lifts Inflation Forecast On Rising Food Prices

The Bank of Japan maintained its interest rate but lifted its inflation outlook due to rising food prices, which had added expectations of an rate hike as soon as in October. The policy board unanimously decided to hold the uncollateralized overnight call rate to remain at around 0.5 percent.
RTTNews | 3 h 27 min atrás
Yen Rises After BoJ Rate Decision

Yen Rises After BoJ Rate Decision

The Japanese yen strengthened against other major currencies in the Asian session on Thursday, following the Bank of Japan's decision to increase its inflation forecast for the fiscal year while maintaining steady interest rates.
RTTNews | 3 h 40 min atrás
Yen Rises Against Majors

Yen Rises Against Majors

The Japanese yen strengthened against other major currencies in the Asian session on Thursday.
RTTNews | 4 h 5 min atrás