Australian Market Trims Early Sharp Losses In Mid-market

RTTNews | 60 วันที่ผ่านมา
Australian Market Trims Early Sharp Losses In Mid-market

(RTTNews) - The Australian market is trimming its early sharp losses in mid-market moves on Friday, reversing some of the sharp gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling 1.5 percent to below the 7,600 level, with weakness across most sectors led by iron ore miners and technology stocks. Gold stocks were the only bright spot.

The benchmark S&P/ASX 200 Index is losing 111.80 points or 1.45 percent to 7,597.80, after hitting a low of 7,524.50 earlier. The broader All Ordinaries Index is down 110.40 points or 1.40 percent to 7,803.50. Australian stocks closed sharply higher on Thursday.

Among major miners, BHP Group and Rio Tinto are losing almost 3 percent each, while Fortescue Metals is declining more than 2 percent and Mineral Resources is tumbling almost 6 percent. Oil stocks are mostly lower. Origin Energy and Santos are losing more than 2 percent each, while Beach energy is declining more than 4 percent and Woodside Energy is down more than 3 percent.

Among tech stocks, Afterpay-owner Block is losing more than 5 percent, WiseTech Global is slipping more than 2 percent and Appen is declining more than 4 percent, while Zip and Xero are down more than 1 percent each.

Among the big four banks, Commonwealth Bank is down almost 1 percent, Westpac is slipping 2.5 percent, National Australia Bank is declining more than 2 percent and ANZ Banking is losing almost 2 percent. Gold miners are mostly higher. Evolution Mining is surging more than 5 percent, Northern Star Resources is gaining almost 5 percent, Newmont is adding more than 4 percent and Resolute Mining is up almost 3 percent, while Gold Road Resources is losing more than 1 percent.

In the currency market, the Aussie dollar is trading at $0.624 on Friday.

read more
Yen Recovers Amid BoJ Rate Hike Speculation

Yen Recovers Amid BoJ Rate Hike Speculation

The Japanese yen recovered from early lows against other major currencies in the European session on Tuesday, as traders speculate that the Bank of Japan (BoJ) will hike interest rates this year.
RTTNews | 28 นาทีที่ผ่านมา
UK Jobless Rate Rises; Wage Growth Softens

UK Jobless Rate Rises; Wage Growth Softens

The UK unemployment rate rose slightly in the three months to April period and wage growth softened as the rise in social security contribution and the minimum wage started to weigh on the labor market activity. The ILO jobless rate rose to 4.6 percent in the three months to April, as expected, from 4.5 percent in the three months to March, data from the Office for National Statistics revealed T
RTTNews | 52 นาทีที่ผ่านมา
Asian Shares Rise As US-China Talks Gather Momentum

Asian Shares Rise As US-China Talks Gather Momentum

Asian stocks advanced on Tuesday ahead of a second day of talks in London between China and the U.S. to resolve tariff disputes and strengthen economic relations. U.S. officials expressed optimism after the first day of negotiations, boosting investor sentiment.
RTTNews | 1 ชม. 46 นาทีที่ผ่านมา
Pound Slides On Weak U.K. Employment Data

Pound Slides On Weak U.K. Employment Data

The British pound weakened against other major currencies in the early European session on Tuesday, after the U.K. unemployment rate rose slightly in the three months to April period.
RTTNews | 2 ชม. 42 นาทีที่ผ่านมา
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the early European session on Tuesday.
RTTNews | 3 ชม. 4 นาทีที่ผ่านมา
Australia NAB Business Conditions Ease; Confidence Improves

Australia NAB Business Conditions Ease; Confidence Improves

Australian business conditions eased in May amid ongoing profitability pressures and soft demand, while business confidence improved from the last month, survey data from NAB showed on Tuesday. A monthly survey conducted by Westpac showed that consumer confidence rose moderately in June, underpinned by interest rate cut and softening inflation.
RTTNews | 4 ชม. 56 นาทีที่ผ่านมา