AU Morning Wrap: NAB's $3.6b profit; Qantas buys Alliance
G'day, mooers! Check out the latest news on today's stock market!
• Wall Street rallied as 75 bp hikes are off the table
• Australian shares opened higher on Thursday; ASX 200 up 0.48 per cent
• Stocks to watch: Qantas, NAB, QBE
- moomoo News AU
• Wall Street rallied as 75 bp hikes are off the table
• Australian shares opened higher on Thursday; ASX 200 up 0.48 per cent
• Stocks to watch: Qantas, NAB, QBE
- moomoo News AU
Wall Street Summary
US stocks soared after the Fed announced a widely-anticipated rate hike while soothing the market’s worst fears about the outlook for future increases.
The $S&P 500 Index(.SPX.US$ surged 127 points or 2.99 per cent. The $Dow Jones Industrial Average(.DJI.US$ rallied 932 points or 2.81 per cent. The $Nasdaq Composite Index(.IXIC.US$ gained 401 points or 3.19 per cent.
AU Market Watch
Australia's S&P/ASX 200 looks set to open higher after US stocks rallied to their largest one-day gain since 2020. ASX futures are up by 0.4%, suggesting the benchmark index will reverse at the open following three straight declines. The ASX 200 is 1.75% lower so far this week, with interest-rate exposed real-estate stocks leading losses.
Australian shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 0.48 per cent to 7340 as of 10:08 am.
US stocks soared after the Fed announced a widely-anticipated rate hike while soothing the market’s worst fears about the outlook for future increases.
The $S&P 500 Index(.SPX.US$ surged 127 points or 2.99 per cent. The $Dow Jones Industrial Average(.DJI.US$ rallied 932 points or 2.81 per cent. The $Nasdaq Composite Index(.IXIC.US$ gained 401 points or 3.19 per cent.
AU Market Watch
Australia's S&P/ASX 200 looks set to open higher after US stocks rallied to their largest one-day gain since 2020. ASX futures are up by 0.4%, suggesting the benchmark index will reverse at the open following three straight declines. The ASX 200 is 1.75% lower so far this week, with interest-rate exposed real-estate stocks leading losses.
Australian shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 0.48 per cent to 7340 as of 10:08 am.
Stocks to Watch
$Qantas Airways Ltd(QAN.AU$: Qantas will acquire Alliance Aviation, an airline operator that supports the mining sector, in a deal valued in the hundreds of millions of dollars.
$National Australia Bank Ltd(NAB.AU$: NAB generated $3.6 billion in statutory net profit in the six months to the end of March and said it remained well capitalised even after the $5 billion in share buybacks announced over the past year.
$QBE Insurance Group Ltd(QBE.AU$: Insurer QBE warned on Thursday that the potential net impact of the Russia-Ukraine conflict would be around $75 million and would be reported as a catastrophe cost.
Ex-dividend Companies: $Jupiter Mines Ltd(JMS.AU$, $Vita Group Ltd(VTG.AU$
Dividends Paid Companies: $Gold Road Resources Ltd(GOR.AU$
Commodities
• Iron ore futures dipped to US$142.8 a tonne amid limited trading activity.
• Oil prices rallied as the EU makes progress for its proposed phased oil embargo on Russian oil imports.
• Gold prices bounced thanks to a less hawkish Fed and a weaker US dollar.
Source: Dow Jones Newswires, Market Index
$Qantas Airways Ltd(QAN.AU$: Qantas will acquire Alliance Aviation, an airline operator that supports the mining sector, in a deal valued in the hundreds of millions of dollars.
$National Australia Bank Ltd(NAB.AU$: NAB generated $3.6 billion in statutory net profit in the six months to the end of March and said it remained well capitalised even after the $5 billion in share buybacks announced over the past year.
$QBE Insurance Group Ltd(QBE.AU$: Insurer QBE warned on Thursday that the potential net impact of the Russia-Ukraine conflict would be around $75 million and would be reported as a catastrophe cost.
Ex-dividend Companies: $Jupiter Mines Ltd(JMS.AU$, $Vita Group Ltd(VTG.AU$
Dividends Paid Companies: $Gold Road Resources Ltd(GOR.AU$
Commodities
• Iron ore futures dipped to US$142.8 a tonne amid limited trading activity.
• Oil prices rallied as the EU makes progress for its proposed phased oil embargo on Russian oil imports.
• Gold prices bounced thanks to a less hawkish Fed and a weaker US dollar.
Source: Dow Jones Newswires, Market Index
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
Australian stock market news that is available at your fingertips
3995Followers
6Following
115KVisitors
Follow
RR000BBBBB : yw ass holes