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-- 119.210 AU Morning Wrap: ASX opens higher as Wall Street jumps; Tech One ups dividend
G'day, mooers! Check out the latest news on today's stock market!
• Banks spearhead Wall Street rebound
• Australian shares opened lower on Tuesday; ASX 200 down 0.5 per cent
• Stocks to watch: Qantas, TechnologyOne, Challenger
- moomoo News AU
Wall Street Summary
US stocks booked strong gains as a positive trading update from JPMorgan Chase fuelled a rally in financials. Friday's dip-buying continued after President Joe Biden hinted the White House may wind back Trump-era tariffs on Chinese imports.
US stocks booked strong gains as a positive trading update from JPMorgan Chase fuelled a rally in financials. Friday's dip-buying continued after President Joe Biden hinted the White House may wind back Trump-era tariffs on Chinese imports.
The $S&P 500 Index (.SPX.US)$ jumped 72 points or 1.86 per cent. The $Dow Jones Industrial Average (.DJI.US)$ advanced 618 points or 1.98 per cent. The $Nasdaq Composite Index (.IXIC.US)$ 181 points or 1.59 per cent.
AU Market Watch
Australia's S&P/ASX 200 is on track to rise at the open after financial stocks led U.S. indices higher. ASX futures are up by almost 0.3%, suggesting the benchmark index's uncertain start to the week could resolve to the upside. The ASX 200 closed flat on Monday, with losses among financial stocks offsetting strength among mining companies and energy producers.
Australian shares opened lower this morning. The $S&P/ASX 200 (.XJO.AU)$ lost 0.5 per cent to 7114 as of 10:19 am.
AU Market Watch
Australia's S&P/ASX 200 is on track to rise at the open after financial stocks led U.S. indices higher. ASX futures are up by almost 0.3%, suggesting the benchmark index's uncertain start to the week could resolve to the upside. The ASX 200 closed flat on Monday, with losses among financial stocks offsetting strength among mining companies and energy producers.
Australian shares opened lower this morning. The $S&P/ASX 200 (.XJO.AU)$ lost 0.5 per cent to 7114 as of 10:19 am.
Stocks to Watch
$Qantas Airways Ltd (QAN.AU)$: Qantas has purchased a majority stake in online travel business TripADeal in a move designed to expand its exposure to the growing online packaged holiday booking market.
$Technology One Ltd (TNE.AU)$: TechnologyOne has delivered record first-half profit and revenue for the six months that ended March 31. The company's profit after tax climbed 18 per cent to $33.2 million, while its software as a service (SaaS) annual recurring revenue rose 44 per cent to $225.1 million. Total revenue was up 19 per cent to $172.5 million.
$Challenger Ltd (CGF.AU)$: Annuities and funds management business Challenger says it expects FY 2022 normalised net profit to be at the upper end of guidance between $480 million and $500 million in FY 2022.
Ex-dividend Companies: $Amcor PLC (AMC.AU)$, $GQG Partners Inc (GQG.AU)$
Dividends Paid Companies: $Acorn Capital Investment Fund Ltd (ACQ.AU)$
Commodities
• Iron ore prices were unchanged, most market participants were cautious about closing deals amid market uncertainty created by the rise in India's tariff on iron ore exports, according to Fastmarkets.
• Oil remains unchanged at US$110.
• Gold is on a 4-day win streak as the US dollar continues to weaken.
Source: Dow Jones Newswires, AFR
$Qantas Airways Ltd (QAN.AU)$: Qantas has purchased a majority stake in online travel business TripADeal in a move designed to expand its exposure to the growing online packaged holiday booking market.
$Technology One Ltd (TNE.AU)$: TechnologyOne has delivered record first-half profit and revenue for the six months that ended March 31. The company's profit after tax climbed 18 per cent to $33.2 million, while its software as a service (SaaS) annual recurring revenue rose 44 per cent to $225.1 million. Total revenue was up 19 per cent to $172.5 million.
$Challenger Ltd (CGF.AU)$: Annuities and funds management business Challenger says it expects FY 2022 normalised net profit to be at the upper end of guidance between $480 million and $500 million in FY 2022.
Ex-dividend Companies: $Amcor PLC (AMC.AU)$, $GQG Partners Inc (GQG.AU)$
Dividends Paid Companies: $Acorn Capital Investment Fund Ltd (ACQ.AU)$
Commodities
• Iron ore prices were unchanged, most market participants were cautious about closing deals amid market uncertainty created by the rise in India's tariff on iron ore exports, according to Fastmarkets.
• Oil remains unchanged at US$110.
• Gold is on a 4-day win streak as the US dollar continues to weaken.
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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Moomoo News AU
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