Australian Market Notably Higher

RTTNews | 78天前
Australian Market Notably Higher

(RTTNews) - 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.

The benchmark S&P/ASX 200 Index is gaining 34.10 points or 0.40 percent to 8,549.80, after touching a high of 8,552.30 earlier. The broader All Ordinaries Index is up 36.60 points or 0.42 percent to 8,778.50. Australian stocks closed modestly lower on Friday ahead of the holiday on Monday.

Among the major miners, BHP Group and Rio Tinto are edging up 0.4 percent each, while Fortescue Metals is adding more than 1 percent and Mineral Resources is gaining more than 3 percent.

Oil stocks are mostly higher. Origin Energy is gaining more than 1 percent and Beach energy is adding almost 1 percent, while Woodside Energy and Santos are advancing almost 2 percent each.

Among tech stocks, Afterpay owner Block is advancing more than 3 percent and Zip is surging more than 5 percent, while WiseTech Global and Xero are edging up 0.2 to 0.5 percent each. Appen is flat.

Gold miners are mostly lower. Evolution Mining is losing more than 4 percent, Northern Star resources is down almost 1 percent and Gold Road Resources is edging down 0.4 percent, while Resolute Mining and Newmont are declining almost 4 percent each.

Among the big four banks, National Australia Bank and Westpac are edging up 0.4 to 0.5 percent each, while ANZ Banking is gaining almost 1 percent. Commonwealth Bank is edging down 0.2 percent.

In other news, shares in Coronado Global Resources are jumping more than 13 percent after the coal miner announced that the Queensland state government-owned electricity provider Stanwell will provide up to A$230 million of near-term liquidity in exchange for thermal coal supply of up to 800,000 tonnes annually over five years commencing in 2027.

Shares in Monash IVF are plummeting almost 25 percent after reporting its second IVF embryo incident. In the currency market, the Aussie dollar is trading at $0.652 on Tuesday.

On Wall Street, stocks turned in a relatively lackluster performance during trading on Monday following the strong upward move seen during last Friday's session. Despite the choppy trading, the tech-heavy Nasdaq reached a new three-month closing high.

The major averages ended the day narrowly mixed. While the Dow edged down 1.11 points or less than a tenth of a percent to 42,761.76, the S&P 500 inched up 5.52 points or 0.1 percent to 6,005.88 and the Nasdaq rose 61.28 points or 0.3 percent to 19,591.24.

Meanwhile, the major European markets moved to the downside on the day. While the German DAX Index fell by 0.5 percent, the French CAC 40 Index dipped by 0.2 percent and the U.K.'s FTSE 100 Index edged down by 0.1 percent.

Crude oil prices rose on Monday due to hopes sparked by US-China trade talks and that the nearing summer travel season may boost energy demand. West Texas Intermediate crude for July delivery settled at $65.29 per barrel, up 71 cents, the highest since April 3.

read more
Higher Open Called For Japan Stock Market

Higher Open Called For Japan Stock Market

The Japan stock market bounced higher again on Wednesday, one session after ending the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just above the 42,520-point plateau and it's expected to open to the upside again on Thursday.
RTTNews | 16分钟前
KOSPI May Reclaim 3,200-Point Level

KOSPI May Reclaim 3,200-Point Level

The South Korea stock market bounced higher again on Wednesday, one day after ending the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,190-point plateau and it may tick higher again on Thursday.
RTTNews | 31分钟前
Korea Interest Rate Decision Due On Thursday

Korea Interest Rate Decision Due On Thursday

The Bank of Korea will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The BoK is expected to keep its benchmark lending rate unchanged at 2.50 percent.
RTTNews | 1小时31分钟前
European Stocks Close On Mixed Note

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Wednesday as investors largely stayed cautious, looking ahead to chipmaker Nvidia's quarterly earnings announcement, and continuing to assess the political situation in France.
RTTNews | 6小时36分钟前
Euro Falls Amid Political Uncertainty

Euro Falls Amid Political Uncertainty

The euro weakened against other major currencies in the European session on Wednesday, as trader's concern about the collapse of France's government.
RTTNews | 10小时52分钟前
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open on a positive note on Wednesday, riding on strong earnings from Royal Bank of Canada and National Bank of Canada. Weak commodity prices and concerns on the geopolitical and tariffs front may weigh limit market's upside.
RTTNews | 11小时17分钟前
European Stocks Turning In Mixed Performance

European Stocks Turning In Mixed Performance

European stocks are turning in a mixed performance on Wednesday as political uncertainty in France, and a lack of any significant positive triggers render the mood cautious. Investors are also awaiting earnings updates from AI major NVIDIA.
RTTNews | 11小时44分钟前