AU Morning Wrap: ASX opens lower; RBA decision ahead, Economists divided
G'day, mooers! Check out the latest news on today's stock market!
• Stocks edge higher as investors weigh jobs, rates outlook
• Australian shares opened lower on Tuesday, ASX 200 down 0.42 per cent
• Stocks to watch: Perenti, Telix, GQG Partners
- moomoo News AU
Wall Street Summary
U.S. stocks finished modestly higher Monday as investors sifted through data and comments about the jobs market and inflation.
The $Dow Jones Industrial Average (.DJI.US)$ finished 16 points or 0.05 per cent ahead after being up more than 300 points. The $S&P 500 Index (.SPX.US)$ added 13 points or 0.31 per cent. The $Nasdaq Composite Index (.IXIC.US)$ held on to a gain of 49 points or 0.4 per cent.
AU Market Watch
Australia's S&P/ASX 200 is on course for a flat open ahead of the Reserve Bank's monthly interest-rate decision. ASX futures are down by less than 0.1%, suggesting investors may be waiting on the RBA's decision before making moves. The central bank is expected to hike the cash rate in the face of rising inflation, but economists' forecasts vary over the likely scale of the rise.
Australian shares opened lower this morning. The $S&P/ASX 200 (.XJO.AU)$ lost 0.42 per cent to 7176 as of 10:12 am.
U.S. stocks finished modestly higher Monday as investors sifted through data and comments about the jobs market and inflation.
The $Dow Jones Industrial Average (.DJI.US)$ finished 16 points or 0.05 per cent ahead after being up more than 300 points. The $S&P 500 Index (.SPX.US)$ added 13 points or 0.31 per cent. The $Nasdaq Composite Index (.IXIC.US)$ held on to a gain of 49 points or 0.4 per cent.
AU Market Watch
Australia's S&P/ASX 200 is on course for a flat open ahead of the Reserve Bank's monthly interest-rate decision. ASX futures are down by less than 0.1%, suggesting investors may be waiting on the RBA's decision before making moves. The central bank is expected to hike the cash rate in the face of rising inflation, but economists' forecasts vary over the likely scale of the rise.
Australian shares opened lower this morning. The $S&P/ASX 200 (.XJO.AU)$ lost 0.42 per cent to 7176 as of 10:12 am.
Stocks to Watch
$Perenti Ltd (PRN.AU)$: Perenti has launched an on-market share buyback of up to 10 per cent of its shares on issue. The program will be executed over the next 12 months, with the exact timing and actual number of shares to be purchased depending on market conditions, available trading windows, the prevailing share price and other considerations.
$Telix Pharmaceuticals Ltd (TLX.AU)$: Telix Pharmaceuticals has received a $17.25 million research and development tax refund from the Australian government, in relation to eligible activities undertaken by the company in the year ended December 31, 2021.
$GQG Partners Inc (GQG.AU)$: GQG Partners' funds under management (FUM) grew 4.6 per cent, from $US90.4 billion to $US94.6 billion, between April 30 and May 31.
Commodities
• Iron ore prices rose slightly amid limited trading activity, according to Fastmarkets.
• Oil is starting to get exhausted after rallying to a 3-month high of US$120.
• Gold prices dipped following a major move higher for US Treasury yields.
Source: Dow Jones Newswires, AFR
$Perenti Ltd (PRN.AU)$: Perenti has launched an on-market share buyback of up to 10 per cent of its shares on issue. The program will be executed over the next 12 months, with the exact timing and actual number of shares to be purchased depending on market conditions, available trading windows, the prevailing share price and other considerations.
$Telix Pharmaceuticals Ltd (TLX.AU)$: Telix Pharmaceuticals has received a $17.25 million research and development tax refund from the Australian government, in relation to eligible activities undertaken by the company in the year ended December 31, 2021.
$GQG Partners Inc (GQG.AU)$: GQG Partners' funds under management (FUM) grew 4.6 per cent, from $US90.4 billion to $US94.6 billion, between April 30 and May 31.
Commodities
• Iron ore prices rose slightly amid limited trading activity, according to Fastmarkets.
• Oil is starting to get exhausted after rallying to a 3-month high of US$120.
• Gold prices dipped following a major move higher for US Treasury yields.
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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