Australian Market Slightly Higher

RTTNews | 958 gün önce

(RTTNews) - The Australian stock market is slightly higher on Wednesday, extending the gains in the previous two sessions, with the benchmark S&P/ASX 200 moving above the 6,800 level, following the broadly positive cues from global markets overnight, as global bond yields and the US dollar retreated. Stocks gave up ground from the morning's highs after domestic inflation data came in hotter than expected.

The benchmark S&P/ASX 200 Index is gaining 9.60 points or 0.14 percent to 6,808.20, after touching a high of 6,843.20 earlier. The broader All Ordinaries Index is up 9.40 points or 0.13 percent to 7,003.10. Australian stocks ended modestly higher on Tuesday.

Among major miners, OZ Minerals is gaining more than 2 percent and Mineral Resources is adding more than 3 percent, while Rio Tinto and BHP Group are edging up 0.1 to 0.3 percent each. Fortescue Metals is edging down 0.2 percent.

Oil stocks are mixed. Beach energy is gaining more than 1 percent and Woodside Energy is edging up 0.3 percent, while Santos is edging down 0.3 percent. Origin Energy is flat.

In the tech space, Afterpay owner Block and Appen are edging up 0.2 to 0.5 percent each, while Zip and Xero are gaining almost 1 percent each. WiseTech Global is edging down 0.2 percent.

Among the big four banks, National Australia Bank, Commonwealth Bank and ANZ Banking are edging up 0.3 to 0.4 percent each, while Westpac is gaining almost 1 percent.

Among gold miners, Evolution Mining and Northern Star Resources are adding more than 2 percent each, while Resolute Mining and Newcrest Mining are up more than 1 percent each. Gold Road Resources is gaining more than 1 percent.

In economic news, consumer prices in Australia surged 7.3 percent on year in the third quarter of 2022, the Australian Bureau of Statistics said on Wednesday - exceeding expectations for an increase of 7.0 percent and accelerating from 6.1 percent in the previous three months. On a seasonally adjusted quarterly basis, inflation climbed 1.8 percent - unchanged from the second quarter but above estimates for 1.6 percent.

In other news, shares in Medibank are plummeting 17 percent on returning to trade after it warned of a $25 million to $35 million hit to first-half earnings from costs related to a data breach that compromised customer data.

In the currency market, the Aussie dollar is trading at $0.639 on Wednesday.

On Wall Street, stocks moved sharply higher over the course of the trading day on Tuesday, extending the rally seen over the two previous sessions. With the continued advance, the major averages all reached their best closing levels in over a month.

The major averages reached new highs in the final hour of trading but gave back some ground going into the close. The Dow jumped 337.12 points or 1.1 percent at 31,836.74, the Nasdaq soared 246.50 points or 2.3 percent to 11,199.12 and the S&P 500 surged 61.77 points or 1.6 percent to 3,859.11.

The major European markets also moved mostly higher on the day. While the U.K.'s FTSE 100 Index ended the day nearly unchanged, the German DAX Index advanced by 0.9 percent and the French CAC 40 Index surged by 1.9 percent.

Crude oil futures settled higher Tuesday, buoyed by a weaker dollar and concerns about supply after Saudi Arabia's energy minister commented that energy stocks were being used as a mechanism to manipulate markets. West Texas Intermediate Crude futures for December ended higher by $0.74 or 0.9 percent at $85.32 a barrel.

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the mixed cues from Wall Street overnight, amid easing trade war tensions between the US and China after the two superpowers began high-level trade talks in London, with negotiations expected to continue on Tuesday. The tariff war between the two countries has already rattled the global economy.

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Japanese Market Notably Higher

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Lower Open Anticipated For Indonesia Stock Market

Ahead of the long holiday weekend for Eid-al-Adha, the Indonesia stock market had moved higher in back-to-back sessions, gathering almost 70 points or 1 percent along the way. The Jakarta Composite Index now rests just above the 7,110-point plateau although it's likely to open under pressure on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference. The JCI finished modestly higher on Thursday following gains from the financials and mixed performances from the resource and cement companies. For the day, the index added 44.39 points or 0.63 percent to finish at 7,113.42 after trading between 7,083.89 and 7,136.64. Among the actives, Bank CIMB Niaga sank 0.87 percent, while Bank Mandiri climbed 1.00 percent, Bank Negara Indonesia spiked 2.79 percent, Bank Central Asia shed 0.56 percent, Bank Rakyat Indonesia collected 0.49 percent, Indosat Ooredoo Hutchison added 0.48 percent, Indocement advanced 0.98 percent, Semen Indonesia tumbled 1.79 percent, Indofood Sukses Makmur dropped 0.91 percent, United Tractors perked 0.12 percent, Energi Mega Persada plunged 4.24 percent, Astra Agro Lestari retreated 1.26 percent, Aneka Tambang tanked 2.82 percent, Vale Indonesia plummeted 4.13 percent, Timah rallied 2.07 percent, Bumi Resources soared 2.50 percent and Astra International and Bank Danamon Indonesia were unchanged.

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Australian Market Notably Higher

The Australian stock market is trading notably higher on Tuesday, reversing some of the losses in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving up to near the 8,550 level, with gains across most sectors led by technology and energy stocks. Gold miners were the only weak spot.

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China Stock Market Due For Consolidation On Tuesday

The China stock market has finished higher in five straight sessions, advancing more than 50 points or 1.5 percent along the way. The Shanghai Composite Index now sits just beneath the 3,400-point plateau although it's expected to open to the downside on Tuesday. The global forecast for the Asian markets is murky ahead of key upcoming talks between the United States and China. The European markets were down and the U.S. bourses were flat and the Asian markets figure to split the difference.

RTTNews | 2s 41 dakika önce

EURUSD	1.14013	GBPUSD	1.35417	AUDUSD	0.65249
USDJPY	144.854	USDCAD	1.37055	USDCHF	0.82262

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Australian Market Slightly Higher