Australian Market Trims Gains In Mid-market

RTTNews | 238 วันที่ผ่านมา

(RTTNews) - The Australian stock market is trimming its gains in mid-market trading on Wednesday, but extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving well above the 8,400 level, following the broadly positive cues from global markets overnight, with gains in financial and technology stocks.

The benchmark S&P/ASX 200 Index is gaining 35.60 points or 0.42 percent to 8,438.00, after touching a high of 8,455.60 earlier. The broader All Ordinaries Index is up 36.30 points or 0.42 percent to 8,689.00. Australian stocks ended significantly higher on Tuesday.

Among major miners, BHP Group is declining more than 1 percent, while Mineral Resources, Rio Tinto and Fortescue Metals are losing almost 1 percent each.

Oil stocks are mixed. Woodside Energy is losing almost 2 percent and Santos is edging down 0.5 percent, while Origin Energy is gaining more than 1 percent and Beach energy is edging up 0.2 percent.

In the tech space, WiseTech Global, Appen and Xero are gaining almost 2 percent each, while Zip is adding almost 1 percent. Afterpay owner Block is flat.

Among the big four banks, Commonwealth Bank, National Australia Bank and Westpac are gaining almost 1 percent each, while ANZ Banking is edging up 0.3 percent.

Among gold miners, Evolution Mining is gaining more than 2 percent, while Northern Star Resources and Gold Road Resources are edging up 0.1 to 0.4 percent each. Resolute Mining and Newmont are flat.

In the currency market, the Aussie dollar is trading at $0.627 on Wednesday.

Fed Cuts Rates By Quarter Point, Forecasts Two More Rate Cuts This Year

In a widely expected move, the Federal Reserve on Wednesday announced that it has decided to lower interest rates by a quarter point, marking the first rate cut of 2025. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 4.0 percent to 4.25 percent, citing a shift in the balance of risks.

RTTNews | 36 นาทีที่ผ่านมา

Swiss Market Ends Marginally Down

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved above the flat line in late afternoon trade on Wednesday, but failed to sustain momentum and settled marginally down with a few frontline stocks turning weak again.

RTTNews | 1 ชม. 3 นาทีที่ผ่านมา

European Markets Close Mixed After Cautious Session

European stocks turned in a mixed performance on Wednesday with investors digesting regional economic data, and awaiting the Federal Reserve's monetary policy announcement due later in the day.

RTTNews | 1 ชม. 32 นาทีที่ผ่านมา

Canadian Market Modestly Higher At Noon; BoC Lowers Interest Rate

Canadian stocks are up in positive territory around noon on Wednesday with investors reacting to the Bank of Canada's decision to cut interest rates by 25 basis points. The recent weak labor market data and economic slowdown have raised prospects of further easing by the Canadian central bank.

RTTNews | 2 ชม. 58 นาทีที่ผ่านมา

Bank Of Canada Lowers Interest Rates By A Quarter Point

After leaving interest rates unchanged for three straight meetings, the Bank of Canada on Wednesday announced its widely expected decision to lower rates by a quarter point. The Bank of Canada said it decided to reduce its target for the overnight rate by 25 basis points to 2.5 percent, with the Bank Rate at 2.75 percent and the deposit rate at 2.45 percent.

RTTNews | 3 ชม. 40 นาทีที่ผ่านมา

U.S. Housing Starts Pull Back Much More Than Expected In August

After reporting significant increases in new residential construction in the U.S. over the two previous months, the Commerce Department released a report on Wednesday showing housing starts pulled back by much more than expected in the month of August. The Commerce Department said housing starts plummeted by 8.5 percent to an annual rate of 1.307 million in August.

RTTNews | 4 ชม. 40 นาทีที่ผ่านมา

UK Inflation Unchanged At 3.8%

U.K. consumer price inflation remained sticky in August on higher food prices, official data showed Wednesday, ahead of the policy announcement by the Bank of England on Thursday. The consumer price index rose 3.8 percent on a yearly basis in August, the same rate of increase as seen in July, the Office for National Statistics reported. Inflation matched economists' expectations and stood well ab

RTTNews | 5 ชม. 51 นาทีที่ผ่านมา

U.S. Housing Starts Plunge 8.5% In August, Much More Than Expected

RTTNews | 6 ชม. 23 นาทีที่ผ่านมา

EURUSD	1.18421	GBPUSD	1.36484	AUDUSD	0.66642
USDJPY	146.693	USDCAD	1.37683	USDCHF	0.78803