Australian Market Slightly Higher

RTTNews | 975 วันที่ผ่านมา
Australian Market Slightly Higher

(RTTNews) - The Australian stock market is slightly higher in choppy trading on Wednesday, recouping some of the losses in the previous three sessions, with the benchmark S&P/ASX 200 staying above the 6,600 level, despite the broadly negative cues from global markets overnight, with gains in financial stocks. Traders also picked up battered stocks at a bargain following the recent market weakness.

The benchmark S&P/ASX 200 Index is gaining 12.90 points or 0.19 percent to 6,657.90, after touching a high of 6,663.00 and low of 6,633.00 earlier. The broader All Ordinaries Index is up 10.00 points or 0.15 percent to 6,854.30. Australian stocks ended modestly lower on Tuesday.

Among major miners, BHP Group is edging down 0.2 percent, Rio Tinto is losing more than 1 percent, Fortescue Metals is slipping almost 2 percent and Mineral Resources is declining 3.5 percent, while OZ Minerals is gaining almost 1 percent.

Oil stocks are lower. Santos and Woodside Energy are losing almost 2 percent each, while Origin Energy is declining more than 2 percent and Beach energy is edging down 0.5 percent.

In the tech space, Afterpay owner Block is slipping more than 3 percent, Zip is losing almost 2 percent, Appen is down more than 1 percent, Xero is declining more than 2 percent and WiseTech Global is edging down 0.2 percent.

Among the big four banks, National Australia Bank is adding almost 1 percent and Commonwealth Bank is gaining almost 2 percent, while ANZ Banking and Westpac are gaining more than 2 percent each. Among gold miners, Gold Road Resources and Evolution Mining are losing more than 1 percent each, while Northern Star Resources and Newcrest Mining are down almost 1 percent each. Resolute Mining is gaining more than 1 percent.

In other news, shares in Queensland Pacific Metals are soaring almost 17 percent on news that General Motors will take an equity stake in the miner by investing up to $69 million.

Shares in Coronado Global Resources are surging 6.5 percent after confirming it is in discussions with fellow coal miner Peabody Energy about a potential merger.

In the currency market, the Aussie dollar is trading at $0.626 on Wednesday.

On Wall Street, stocks recovered gradually after a weak start Tuesday morning, and after emerging into positive territory, faltered again as the day progressed amid rising worries about interest rates and economic slowdown. A downward revision in global growth forecast by the International Monetary Fund weighed as well.

The major averages closed mixed on the day. The Dow ended the session with a gain of 36.31 points or 0.12 percent at 29,239.19, while the S&P 500 settled at 3,588.84, down 23.55 points or 0.65 percent from the previous close and the Nasdaq settled at 10,426.19, down 115.91 points or 1.1 percent.

The major European markets closed weak, as worries about surging inflation, rising interest rates and slowing growth continued to weigh on sentiment. The U.K.'s FTSE 100 shed 1.06 percent, Germany's DAX ended 0.43 percent down, and France's CAC 40 edged down 0.13 percent.

Crude oil prices fell on Tuesday, extending losses from the previous session on concerns about outlook for energy demand amid the rising possibility of a global recession. A surge in COVID-19 cases in China and fears of further monetary policy tightening also weighed. West Texas Intermediate Crude oil futures for November sank $1.78 or 2 percent at $89.35 a barrel.

read more
U.S. Consumer Sentiment Improves Much More Than Expected In June

U.S. Consumer Sentiment Improves Much More Than Expected In June

Preliminary data released by the University of Michigan on Friday showed a substantial improvement by consumer sentiment in the U.S. in the month of June. The University of Michigan said its consumer sentiment index surged to 60.5 in June after holding at 52.2 in May. Economists had expected the index to rise to 53.5.
RTTNews | 15 นาทีที่ผ่านมา
CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

CPSC Recalls: 1.2 Mln Anker Power Banks, Hedge Trimmers, High Chairs, Mattresses, Pool Covers

The U.S. Consumer Product safety Commission or CPSC has announced various recalls including around 1.2 million Anker Power Banks, as well as hedge trimmers, high chairs, mattresses, pool covers and Skywalker Pro Via Ferrata Sets. China- based Anker Innovations Limited has called back about 1.16 million units of power banks citing fire and burn risks, and TTI Outdoor Power Equipment recalled...
RTTNews | 38 นาทีที่ผ่านมา
FTSE 100 Falls Amidst Israel-Iran Conflict

FTSE 100 Falls Amidst Israel-Iran Conflict

Renewed geopolitical tensions from the Israel-Iran conflict weighed on sentiment for the FTSE 100 benchmark as it shed more than a quarter percent in Friday's trade.
RTTNews | 2 ชม. 29 นาทีที่ผ่านมา
Eurozone Trade Surplus Declines To 3-Month Low

Eurozone Trade Surplus Declines To 3-Month Low

Eurozone trade surplus declined to a three month low in April as demand from the US softened following tariff hikes, official data revealed on Friday. The trade surplus declined to EUR 9.9 billion in April from EUR 37.3 billion in March, Eurostat reported. This was the lowest surplus since January. In the same period last year, the surplus totalled EUR 13.6 billion.
RTTNews | 2 ชม. 43 นาทีที่ผ่านมา
Geopolitical Tensions Drag Down CAC 40

Geopolitical Tensions Drag Down CAC 40

An escalation in geopolitical tensions in the Middle East triggered by the Israel-Iran conflict weighed on market sentiment dragging down the CAC 40. Concerns about the trade dispute between the U.S. also weighed on sentiment.
RTTNews | 3 ชม. 25 นาทีที่ผ่านมา
Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Adobe Lifts FY25 Outlook After Higher Q2; But Stock Down

Software major Adobe Inc. issued third-quarter outlook and raised its fiscal 2025 earnings and revenue targets after reporting higher second-quarter profit, above market estimates, amid strong growth in the adoption of AI-powered and creative solutions. Meanwhile, the shares were down nearly 2 in the extended trading on Thursday, and are currently losing in the pre-market activity on the NYSE.
RTTNews | 4 ชม. 1 นาทีที่ผ่านมา
Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Sensex, Nifty Follow Global Peers Lower Amid Middle East Tensions

Indian shares fell sharply on Friday, tracking weak cues from global markets after Israel launched strikes against Iran, targeting nuclear facilities and ballistic missile factories as part of efforts "to damage Iran's nuclear infrastructure, its ballistic missile factories and military capabilities."
RTTNews | 4 ชม. 15 นาทีที่ผ่านมา
Eurozone Industrial Output Falls For First Time In Four Months

Eurozone Industrial Output Falls For First Time In Four Months

Eurozone industrial production declined for the first time in four months in April as the positive impulse from frontloading of orders from the US faded, official data revealed Friday. Industrial output registered a monthly fall of 2.4 percent in April, offsetting March's 2.4 percent increase, Eurostat said. Production was forecast to drop 1.6 percent.
RTTNews | 4 ชม. 47 นาทีที่ผ่านมา