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AU Morning Wrap: ASX opens higher; AMP in talks with Dexus over sale

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Moomoo News AU wrote a column · Apr 19, 2022 08:15
G'day, mooers! Check out the latest news on today's stock market!
• Wall Street slipped as yields climbed and commodities rallied
• Australia shares opened higher on Tuesday; ASX 200 up 0.46 per cent
• Stocks to watch: AMP, Praemium, Austal
- moomoo News AU
AU Morning Wrap: ASX opens higher; AMP in talks with Dexus over sale

Wall Street Summary
Wall Street turned negative in late trade to start its week after a three-day break, while the 10-year Treasury yield continued its upward march following a three-day holiday weekend.

The $S&P 500 Index (.SPX.US)$ slipped 0.90 point, or less than 0.1%, to close at 4391.69. The $Dow Jones Industrial Average (.DJI.US)$ declined 39.54, or 0.1%, to 34411.69. The technology-heavy $Nasdaq Composite Index (.IXIC.US)$ dropped 18.72, or 0.1%, to 13332.36. All three indexes wavered between small gains and losses throughout the day.

AU Market Watch
Australian shares are poised to edge higher at the open after the four-day Easter break. ASX futures closed up 10 points or 0.1 per cent to 7506 on Thursday.

Australia shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 0.46 per cent to 7558 as of 10:15 am.
RBA meeting minutes at 11.30am AEST.

Stocks to Watch
$AMP Ltd (AMP.AU)$: AMP is in talks with Dexus and "multiple" other parties over the future of Collimate Capital and a potential sale of its assets and businesses.

$Praemium Ltd (PPS.AU)$: Praemium has reported net inflows of $725 million for the March quarter, up 82 per cent on the prior corresponding period (pcp). Financial year net inflows to date were $3.6 billion, up 112 per cent on the pcp.

$Austal Ltd (ASB.AU)$: Austal Australia is set to build an additional two evolved cape-class patrol boats for the Royal Australian Navy, for $124 million.

Ex-dividend Companies: $Kelly Partners Group Holdings Ltd (KPG.AU)$

Dividends Paid Companies: $CAR Group Ltd (CAR.AU)$, $MAAS Group Holdings Ltd (MGH.AU)$,

Commodities
• Iron ore prices held steady around US$155 a tonne.
• Oil prices are stabilising around the US$100 a barrel level. OPEC flagged that production only rose 57,000 barrels a day in March, well below its agreed 253,000 barrels a day target.
• Gold briefly hit US$1,998 in overnight trade before fading to US$1,978. Higher bond yields and US dollar weighed.

Source: Dow Jones Newswires, Market Index
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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