Australian Market Slightly Trims Early Sharp Gains In Mid-market

RTTNews | 115 วันที่ผ่านมา
Australian Market Slightly Trims Early Sharp Gains In Mid-market

(RTTNews) - The Australian market is slightly trimming its early sharp gains in mid-market moves on Thursday, reversing the sharp losses in the previous session, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is surging 4.7 percent to above the 7,700 level, with gains across all sectors led by mining and technology stocks.

The benchmark S&P/ASX 200 Index is surging 346.10 points or 4.69 percent to 7,721.10, after touching a high of 7,842.90 earlier. The broader All Ordinaries Index is up 359.10 points or 4.75 percent to 7,920.80. Australian stocks ended sharply lower on Wednesday.

Among major miners, Mineral Resources is soaring almost 12 percent and BHP Group is advancing more than 6 percent, while Rio Tinto and Fortescue Metals are surging almost 6 percent each.

Oil stocks are mostly higher. Beach energy is adding more than 6 percent and Origin Energy is gaining more than 3 percent, while Santos and Woodside Energy are surging almost 6 percent each.

In the tech space, Afterpay owner Block is soaring almost 14 percent, WiseTech Global is surging almost 6 percent, Appen is spiking more than 10 percent, Zip is skyrocketing almost 21 percent and Xero is advancing more than 6 percent.

Among the big four banks, Commonwealth Bank is advancing almost 4 percent and ANZ Banking is gaining more than 4 percent, while National Australia Bank and Westpac are surging more than 5 percent each. Among gold miners, Northern Star Resources and Newmont are gaining almost 4 percent each, while Evolution Mining is advancing almost 6 percent, Gold Road Resources is up almost 2 percent and Resolute Mining is surging almost 9 percent.

In the currency market, the Aussie dollar is trading at $0.614 on Thursday.

read more
U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.
RTTNews | 1 วันที่ผ่านมา
European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment

European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment

European stocks tumbled on Friday, recording one of their worst sessions in several months, as sweeping fresh tariffs announced by U.S. President Donald Trump raised fears of a global economic slowdown, prompting investors to press selling across the board.
RTTNews | 1 วันที่ผ่านมา
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 1 วันที่ผ่านมา
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 1 วันที่ผ่านมา
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 1 วันที่ผ่านมา
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 1 วันที่ผ่านมา
U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.
RTTNews | 1 วันที่ผ่านมา