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G'day, mooers! Check out the latest news on today's stock market!
• Banking and commodity stocks outperformed as US stocks rose for a second session
• Australian shares opened higher on Wednesday; ASX 200 up 0.6 per cent
• Stocks to watch: JB Hi-Fi, ANZ, Flight Centre
- moomoo News AU
Wall Street Summary
Banking and commodity stocks outperformed as US stocks rose for a second session. As on Monday night, the main indices seesawed in and out of negative territory as bulls and bears battled for control.
The $S&P 500 Index (.SPX.US)$ was strongest of the major benchmarks with a rise of 20 points or 0.48 per cent. The $Dow Jones Industrial Average (.DJI.US)$ gained 67 points or 0.2 per cent. The $Nasdaq Composite Index (.IXIC.US)$ added 28 points or 0.22 per cent.
AU Market Watch
ASX futures rallied 43 points or 0.59 per cent, signalling early relief after yesterday’s rates surprise. The S&P/ASX 200 fell 0.42 per cent after the Reserve Bank raised the cash rate target by a larger-than-expected 25 basis points.
Australian shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 0.62 per cent to 7362 as of 10:11 am.
Banking and commodity stocks outperformed as US stocks rose for a second session. As on Monday night, the main indices seesawed in and out of negative territory as bulls and bears battled for control.
The $S&P 500 Index (.SPX.US)$ was strongest of the major benchmarks with a rise of 20 points or 0.48 per cent. The $Dow Jones Industrial Average (.DJI.US)$ gained 67 points or 0.2 per cent. The $Nasdaq Composite Index (.IXIC.US)$ added 28 points or 0.22 per cent.
AU Market Watch
ASX futures rallied 43 points or 0.59 per cent, signalling early relief after yesterday’s rates surprise. The S&P/ASX 200 fell 0.42 per cent after the Reserve Bank raised the cash rate target by a larger-than-expected 25 basis points.
Australian shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 0.62 per cent to 7362 as of 10:11 am.
Stocks to Watch
$Nickel Industries Ltd (NIC.AU)$: Nickel Mines has completed the acquisition of a further 20 per cent interest in Oracle Nickel and now holds a 30 per cent interest in the project.
$JB Hi Fi Ltd (JBH.AU)$: JB Hi-Fi said it predicted heightened customer demand and strong sales growth in the third quarter of the 2022 financial year, and this momentum has continued into the fourth quarter to date.
$ANZ Group Holdings Ltd (ANZ.AU)$: ANZ Banking Group earned a $3.1 billion cash profit, up 4 per cent year-on-year for the first-half, and will pay an interim dividend of 72¢ a share fully franked, unchanged from the previous payout.
$Flight Centre Travel Group Ltd (FLT.AU)$: Flight Centre says the recovery in travel is well underway, with travel restrictions removed, or significantly eased, in most locations around the world.
Ex-dividend Companies: $Bank of Queensland Ltd (BOQ.AU)$, $Waterco Ltd (WAT.AU)$
Dividends Paid Companies: $Centuria Industrial REIT (CIP.AU)$, $Centuria Office REIT (COF.AU)$, $New Hope Corp Ltd (NHC.AU)$
Commodities
• Iron ore futures fell to -1.9% to US$143.5 a tonne.
• Oil prices declined.
• Gold is still trying to price-in the recent bond selloff. Thursday could be a wild night for gold, depending on how aggressive the Fed will be with rates and balance sheet normalization.
Source: Dow Jones Newswires, Market Index
$Nickel Industries Ltd (NIC.AU)$: Nickel Mines has completed the acquisition of a further 20 per cent interest in Oracle Nickel and now holds a 30 per cent interest in the project.
$JB Hi Fi Ltd (JBH.AU)$: JB Hi-Fi said it predicted heightened customer demand and strong sales growth in the third quarter of the 2022 financial year, and this momentum has continued into the fourth quarter to date.
$ANZ Group Holdings Ltd (ANZ.AU)$: ANZ Banking Group earned a $3.1 billion cash profit, up 4 per cent year-on-year for the first-half, and will pay an interim dividend of 72¢ a share fully franked, unchanged from the previous payout.
$Flight Centre Travel Group Ltd (FLT.AU)$: Flight Centre says the recovery in travel is well underway, with travel restrictions removed, or significantly eased, in most locations around the world.
Ex-dividend Companies: $Bank of Queensland Ltd (BOQ.AU)$, $Waterco Ltd (WAT.AU)$
Dividends Paid Companies: $Centuria Industrial REIT (CIP.AU)$, $Centuria Office REIT (COF.AU)$, $New Hope Corp Ltd (NHC.AU)$
Commodities
• Iron ore futures fell to -1.9% to US$143.5 a tonne.
• Oil prices declined.
• Gold is still trying to price-in the recent bond selloff. Thursday could be a wild night for gold, depending on how aggressive the Fed will be with rates and balance sheet normalization.
Source: Dow Jones Newswires, Market Index
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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