Australian Market Notably Higher

RTTNews | Pred 32 dňami
Australian Market Notably Higher

(RTTNews) - The Australian stock market is trading notably higher on Friday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,700 level, with gains across all sectors led by technology and mining stocks.

The benchmark S&P/ASX 200 Index is gaining 55.70 points or 0.65 percent to 8,694.70, after touching a high of 8,696.50 earlier. The broader All Ordinaries Index is up 55.00 points or 0.62 percent to 8,945.80. Australian stocks closed significantly higher on Thursday.

Among major miners, BHP Group is gaining almost 2 percent and Mineral Resources is advancing more than 4 percent, while Fortescue Metals and Rio Tinto are adding more than 1 percent each.

In a fourth quarter and full year update, BHP reported production growth across all key commodities in the fourth quarter and record iron ore and copper production for the full year.

Oil stocks are mostly higher. Santos, Origin Energy and Beach energy are edging up 0.3 to 0.4 percent each, while Woodside Energy is gaining more than 1 percent.

Among tech stocks, Afterpay-owner Block and Appen are gaining almost 3 percent each, while Zip is advancing almost 4 percent, WiseTech Global is adding almost 1 percent and Xero is rising almost 2 percent.

Among the big four banks, National Australia Bank, ANZ Banking and Westpac are edging up 0.3 to 0.5 percent each, while Commonwealth Bank is edging down 0.1 percent.

Gold miners are mostly higher. Northern Star Resources is gaining almost 1 percent, while Gold Road Resources and Newmont are edging up 0.2 to 0.3 percent each. Resolute Mining is losing more than 1 percent and Evolution Mining is edging down 0.3 percent.

In the currency market, the Aussie dollar is trading at $0.650 on Friday.

On Wall Street, stocks saw further upside during trading on Thursday after moving modestly higher over the course of the previous session. With the continued upward move, the Nasdaq and the S&P 500 reached new record closing highs.

The major averages ended the session near their best levels of the day. The Nasdaq advanced 153.78 points or 0.7 percent to 20,884.27, the S&P 500 climbed 33.66 points or 0.5 percent to 6,297.36 and the Dow rose 229.71 points or 0.5 percent to 44,484.49.

The major European markets also moved to the upside on the day. While the U.K.'s FTSE 100 Index climbed by 0.5 percent, the French CAC 40 Index and the German DAX Index jumped by 1.3 percent and 1.5 percent, respectively.

Crude oil prices increased on Thursday as fresh tension brewing in the Middle East generated demand, while a drop in U.S. inventories was seen as reflecting robust summer demand. West Texas Intermediate crude for August delivery surged $1.16 to settle at $67.54 per barrel.

read more
European Shares Seen Higher At Open

European Shares Seen Higher At Open

European stocks may open flat to slightly higher on Tuesday after U.S. President Donald Trump described his recent meeting with Ukrainian President Volodymyr Zelenskyy and European partners as 'very good" and said he's begun arranging a meeting between Zelensky and Russian President Vladimir Putin, possibly within the next two weeks.
RTTNews | Pred 1 h 48 min
Australia Consumer Sentiment At 3 1/2 Year High: Westpac

Australia Consumer Sentiment At 3 1/2 Year High: Westpac

Australia's consumer confidence improved to a three-and-a-half year high in August as the central bank is expected to lower rates further after a third cut this year, monthly survey results from Westpac showed on Tuesday. The Westpac-Melbourne Institute Consumer Sentiment Index rose to 98.5 in August from 93.1 in June.
RTTNews | Pred 2 h 19 min
Sensex, Nifty Slightly Higher In Early Trade

Sensex, Nifty Slightly Higher In Early Trade

Indian shares were slightly higher on Tuesday, extending the previous session's strong gains after the Modi government, in a bold Independence Day declaration, revealed plans for the largest tax overhaul since 2017.
RTTNews | Pred 2 h 44 min
Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian stock market is trimming its early losses in mid-market trading on Tuesday, extending the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,900 level, with weakness in mining and energy stocks partially offset by gains in financial stocks.
RTTNews | Pred 3 h 52 min
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid optimism of a truce in the conflict between Russia and Ukraine with US President Donald Trump planning a summit meeting between Russian President Vladimir Putin and Ukrainian President Volodymyr Zelenskiy very soon. Asian markets closed mostly higher on Monday.
RTTNews | Pred 4 h 2 min
Japanese Market Modestly Lower

Japanese Market Modestly Lower

The Japanese stock market is trading modestly lower on Tuesday after opening in the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight, with the Nikkei 225 falling below the 43,500 level, with weakness in index heavyweights and financial stocks partially offset by gains in automakers and exporters.
RTTNews | Pred 4 h 58 min