Australian Market Trims Early Gains In Mid-market

RTTNews | Pred 106 dňami

(RTTNews) - The Australian stock market is trimming its early gains in mid-market moves on Wednesday, adding to the gains in the previous four sessions, with the benchmark S&P/ASX 200 moving up to near the 8,100 level, following the broadly positive cues from Wall Street overnight, with gains financial and technology stocks partially offset by weakness in energy stocks.

The benchmark S&P/ASX 200 Index is gaining 18.70 points or 0.23 percent to 8,089.30, after touching a high of 8,102.40 earlier. The broader All Ordinaries Index is up 16.00 points or 0.19 percent to 8,303.90. Australian stocks ended significantly higher on Tuesday.

Among major miners, BHP Group, Mineral Resources and Fortescue Metals are edging up 0.1 to 0.3 percent each, while Rio Tinto is adding almost 1 percent. Oil stocks are mostly lower. Woodside Energy is edging down 0.1 percent and Beach energy is down more than 1 percent, while Santos and Origin Energy are losing almost 1 percent each.

In the tech space, Afterpay owner Block, Zip and WiseTech Global are gaining almost 1 percent each, while Xero is edging up 0.4 percent. Appen is losing almost 3 percent.

Among the big four banks, ANZ Banking and Commonwealth Bank are gaining almost 1 percent each, while National Australia Bank and Westpac are edging up 0.3 to 0.4 percent each. Among gold miners, Newmont is edging down 0.5 percent and Northern Star Resources is declining more than 1 percent, while Evolution Mining and Gold Road Resources are edging up 0.4 to 0.5 percent each. Resolute Mining is flat.

In economic news, Australia's monthly Consumer Price Index stood unchanged from the previous month at 2.4 percent in March 2025, its lowest level since November 2024. Meanwhile, the annual trimmed mean inflation edged up to 2.9 percent from 2.7 percent in the previous month.

In the currency market, the Aussie dollar is trading at $0.638 on Wednesday.

Canadian Market Remains In Negative Territory After Weak Start

The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.

RTTNews | Pred 3 h 41 min

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.

RTTNews | Pred 4 h 6 min

Major European Markets Close On Positive Note

Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.

RTTNews | Pred 4 h 22 min

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | Pred 6 h 50 min

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

RTTNews | Pred 7 h 22 min

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | Pred 8 h 4 min

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.

RTTNews | Pred 8 h 35 min

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | Pred 8 h 38 min

EURUSD	1.1648	GBPUSD	1.35265	AUDUSD	0.6499
USDJPY	147.764	USDCAD	1.38113	USDCHF	0.8079