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-- 90.960 AU Morning Wrap: ASX jumps higher despite lacklustre Wall St, inflation bites at Coles
G'day, mooers! Check out the latest news on today's stock market!
• US stocks closed higher after tech-led selloff
• Australia shares opened higher on Thursday; ASX 200 up 0.91 per cent
• Stocks to watch: AMP, Fortescue Metals, Coles
- moomoo News AU
Wall Street Summary
US stocks finished mixed and well off session highs as investors weighed a mixed bag of earnings from heavyweights including Microsoft, Alphabet, Visa and Boeing. The main indices finished near intraday lows as sellers faded a mid-session rally.
The $S&P 500 Index (.SPX.US)$ clung on for a gain of nine points or 0.21 per cent. The $Dow Jones Industrial Average (.DJI.US)$ finished 62 points or 0.19 per cent ahead after being up more than 450 points.
The $Nasdaq Composite Index (.IXIC.US)$ dwindled to a loss of two points or 0.01 per cent. This morning's close was the tech index's lowest of the year.
AU Market Watch
Australia's S&P/ASX 200 looks likely to bounce at the open, paring losses from the past three sessions after US equities steadied following their own steep drops. ASX futures are up by 0.7%, suggesting at least a partial recovery from yesterday's 0.8% drop. Commodity stocks on the local bourse could be supported by rises in oil futures and iron-ore prices.
Australia shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 0.91 per cent to 7328 as of 10:15 am.
US stocks finished mixed and well off session highs as investors weighed a mixed bag of earnings from heavyweights including Microsoft, Alphabet, Visa and Boeing. The main indices finished near intraday lows as sellers faded a mid-session rally.
The $S&P 500 Index (.SPX.US)$ clung on for a gain of nine points or 0.21 per cent. The $Dow Jones Industrial Average (.DJI.US)$ finished 62 points or 0.19 per cent ahead after being up more than 450 points.
The $Nasdaq Composite Index (.IXIC.US)$ dwindled to a loss of two points or 0.01 per cent. This morning's close was the tech index's lowest of the year.
AU Market Watch
Australia's S&P/ASX 200 looks likely to bounce at the open, paring losses from the past three sessions after US equities steadied following their own steep drops. ASX futures are up by 0.7%, suggesting at least a partial recovery from yesterday's 0.8% drop. Commodity stocks on the local bourse could be supported by rises in oil futures and iron-ore prices.
Australia shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 0.91 per cent to 7328 as of 10:15 am.
Stocks to Watch
$AMP Ltd (AMP.AU)$: AMP has offloaded its international infrastructure equity business within its Collimate Capital unit to DigitalBridge Group for $462 million, the company said on Thursday.
$Fortescue Ltd (FMG.AU)$: Fortescue Metals Group has increased its shipment forecast for the full 2022 financial year but warned of higher costs and the business delivers a record amount of iron ore in the first nine months of the financial year.
$Coles Group Ltd (COL.AU)$: Supermarket chain Coles grew revenue 3.9 per cent to $9.1 billion in the March quarter in a result that included 4.2 per cent rise in supermarket sales despite headwinds from COVID-19, floods along the eastern seaboard and cost price inflation impacting suppliers.
Ex-dividend Companies: $Acrow Ltd (ACF.AU)$, $Laybuy Group Holdings Ltd (LBY.AU)$, $Perpetual Credit Income Trust (PCI.AU)$, $Qualitas Real Estate Income Fund (QRI.AU)$, $Steamships Trading Co Ltd (SST.AU)$
Dividends Paid Companies: $Clime Capital Ltd (CAM.AU)$, $Clover Corp Ltd (CLV.AU)$, $COG Financial Services Ltd (COG.AU)$, $Image Resources NL (IMA.AU)$, $SRG Global Ltd (SRG.AU)$
Commodities
• Iron ore is showing signs of stabilising around US$150 a tonne.
• Oil had a lot to digest after Germany signalled they are ready to support a gradual ban on Russian oil, the US Energy Information Agency crude oil inventory report posted a small build in stockpiles and the US dollar continues to weigh on commodity prices.
• Gold fell sharply as US stocks tried to rebound and as the US dollar continued to rally.
Source: Dow Jones Newswires, Market Index
$AMP Ltd (AMP.AU)$: AMP has offloaded its international infrastructure equity business within its Collimate Capital unit to DigitalBridge Group for $462 million, the company said on Thursday.
$Fortescue Ltd (FMG.AU)$: Fortescue Metals Group has increased its shipment forecast for the full 2022 financial year but warned of higher costs and the business delivers a record amount of iron ore in the first nine months of the financial year.
$Coles Group Ltd (COL.AU)$: Supermarket chain Coles grew revenue 3.9 per cent to $9.1 billion in the March quarter in a result that included 4.2 per cent rise in supermarket sales despite headwinds from COVID-19, floods along the eastern seaboard and cost price inflation impacting suppliers.
Ex-dividend Companies: $Acrow Ltd (ACF.AU)$, $Laybuy Group Holdings Ltd (LBY.AU)$, $Perpetual Credit Income Trust (PCI.AU)$, $Qualitas Real Estate Income Fund (QRI.AU)$, $Steamships Trading Co Ltd (SST.AU)$
Dividends Paid Companies: $Clime Capital Ltd (CAM.AU)$, $Clover Corp Ltd (CLV.AU)$, $COG Financial Services Ltd (COG.AU)$, $Image Resources NL (IMA.AU)$, $SRG Global Ltd (SRG.AU)$
Commodities
• Iron ore is showing signs of stabilising around US$150 a tonne.
• Oil had a lot to digest after Germany signalled they are ready to support a gradual ban on Russian oil, the US Energy Information Agency crude oil inventory report posted a small build in stockpiles and the US dollar continues to weigh on commodity prices.
• Gold fell sharply as US stocks tried to rebound and as the US dollar continued to rally.
Source: Dow Jones Newswires, Market Index
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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