AU Morning Wrap: ASX opens 0.6% higher, energy shares lead with 1.9% gain
G'day, mooers! Check out the latest news on today's stock market!
• Wall Street rallies on upbeat retail sales, strong bank earnings
• Australian shares open higher on Monday, ASX 200 up 0.59 per cent
• Stocks to watch: Whitehaven Coal, Worley, Lynas Rare Earths, ANZ
- moomoo News AU
• Wall Street rallies on upbeat retail sales, strong bank earnings
• Australian shares open higher on Monday, ASX 200 up 0.59 per cent
• Stocks to watch: Whitehaven Coal, Worley, Lynas Rare Earths, ANZ
- moomoo News AU
Wall Street Summary
US stocks broke a five-session losing run as the nascent Q2 corporate earnings season took a turn for the better and retail sales and consumer sentiment data beat expectations. Fed officials continued to downplay the likelihood of a 100 basis point rate hike next week.
US stocks broke a five-session losing run as the nascent Q2 corporate earnings season took a turn for the better and retail sales and consumer sentiment data beat expectations. Fed officials continued to downplay the likelihood of a 100 basis point rate hike next week.
The $S&P 500 Index(.SPX.US$ surged 73 points or 1.92 per cent. The $Dow Jones Industrial Average(.DJI.US$ climbed 658 points or 2.15 per cent. The $Nasdaq Composite Index(.IXIC.US$ added 201 points or 1.79 per cent.
AU Market Watch
Australia's S&P/ASX 200 is poised to open strongly after U.S. stocks rebounded at the end of last week. ASX futures are 0.9% higher after a fresh round of bank earnings and stronger-than-expected retail data helped major U.S. indices pare weekly losses.
Australian shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 0.59 per cent to 6644 as of 10:15 am.
AU Market Watch
Australia's S&P/ASX 200 is poised to open strongly after U.S. stocks rebounded at the end of last week. ASX futures are 0.9% higher after a fresh round of bank earnings and stronger-than-expected retail data helped major U.S. indices pare weekly losses.
Australian shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 0.59 per cent to 6644 as of 10:15 am.
Stocks to Watch
$Whitehaven Coal Ltd(WHC.AU$: NSW-based coal miner Whitehaven Coal said it achieved a record average coal price of $514 a tonne over the June quarter, up from $325 a tonne averaged over FY 2022.
$Worley Ltd(WOR.AU$: Worley, a locally listed engineering firm serving the energy sector, has won contracts to provide project management services for unconventional gas projects by Aramco.
$Lynas Rare Earths Ltd(LYC.AU$: Lynas Rare Earths reported $294.5 million in sales revenue for the fourth quarter, down slightly on the prior three-month period but the second best in the mining company’s history.
$ANZ Group Holdings Ltd(ANZ.AU$: ANZ has agreed to pay $4.9 billion to acquire $Suncorp Group Ltd(SUN.AU$ and said early on Monday that it had ceased discussions with private equity group KKR over a potential deal for MYOB.
Dividends paid: $BNK Banking Corp Ltd(BBC.AU$, $Turners Automotive Group Ltd(TRA.AU$
Dividends paid: $Vanguard MSCI Australian Large Coms ETF(VLC.AU$
Listing: $Sarytogan Graphite Ltd(SGA.AU$
Commodities
• Iron ore is threatening to go sub US$100 amid heightened fears over waning steel demand.
• Oil is trying to reclaim the US$100 level, supported by better-than-expected US retail sales and consumer confidence data.
• Gold prices are softer as risk appetite returns amid a solid day for US corporate earnings.
Source: Dow Jones Newswires, AFR
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
3901Followers
6Following
111KVisitors
Follow