AU Morning Wrap: ASX opens up; Perkins to chair Woolies
G'day, mooers! Check out the latest news on today's stock market!
• Wall St futures fall after Walmart issues profit warning
• Australian shares open higher on Tuesday, ASX 200 up 0.14 per cent
• Stocks to watch: Woolworths, Origin Energy, Costa
- moomoo News AU
Wall Street Summary
US stocks finished mixed at the end of a see-saw session as investors positioned for this week's risk events. The Federal Reserve meets tonight and will deliver its rates decision on Wednesday. Microsoft and Alphabet report earnings tonight. Quarterly GDP and trading updates from Apple and Amazon follow on Thursday.
US stocks finished mixed at the end of a see-saw session as investors positioned for this week's risk events. The Federal Reserve meets tonight and will deliver its rates decision on Wednesday. Microsoft and Alphabet report earnings tonight. Quarterly GDP and trading updates from Apple and Amazon follow on Thursday.
"Right now we're just in a holding pattern waiting for all those developments to play out," Michael O'Rourke, chief market strategist at JonesTrading, told Reuters.
"Obviously, we're seeing some more weakness in the tech names. People are probably just taking some risk off ahead of the earnings.”
The $S&P 500 Index (.SPX.US)$ edged up five points or 0.13 per cent. The $Dow Jones Industrial Average (.DJI.US)$ gained 91 points or 0.28 per cent. The $Nasdaq Composite Index (.IXIC.US)$ fell 51 points or 0.43 per cent.
AU Market Watch
Australia's S&P/ASX 200 looks set to resume its recent climb at the open following consecutive flat finishes. ASX futures are up by 0.35%, suggesting the benchmark index will add to the 5.5% it has gained since June 20. The ASX 200 added 2.8% last week for its strongest week since March but has stalled over the past two sessions. Gains by mining stocks offset losses elsewhere on Monday.
Australian shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 0.14 per cent to 6799 as of 10:20 am.
AU Market Watch
Australia's S&P/ASX 200 looks set to resume its recent climb at the open following consecutive flat finishes. ASX futures are up by 0.35%, suggesting the benchmark index will add to the 5.5% it has gained since June 20. The ASX 200 added 2.8% last week for its strongest week since March but has stalled over the past two sessions. Gains by mining stocks offset losses elsewhere on Monday.
Australian shares opened higher this morning. The $S&P/ASX 200 (.XJO.AU)$ gained 0.14 per cent to 6799 as of 10:20 am.
Stocks to Watch
$Woolworths Group Ltd (WOW.AU)$: Woolworths Group's Gordon Cairns will retire as chair following the Annual General Meeting in October
$Origin Energy Ltd (ORG.AU)$: Origin Energy has committed an extra $183 million to UK-based Octopus Energy "to maintain its 20 per cent equity interest" and support the energy retail and technology company's "rapid expansion".
$Costa Group Holdings Ltd (CGC.AU)$: Fresh fruit and vegetable grower Costa Gruop has flagged new detection of varroa mite honey bee disease near Nana Glen north-west of Coffs Harbour.
Dividends paid: $BNK Banking Corp Ltd (BBC.AU)$
Commodities
• Iron ore futures rose 1.2% to US$105.8 a tonne after Chinese iron ore futures on the Dalian Commodity Exchange rallied as much as 7.5% on Monday.
• Oil prices remain tenacious amid another wave of poor economic data from the US and Europe. Germany's business confidence plunged to the lowest levels since the initial pandemic and the Dallas Fed Manufacturing came in softer-than-expected.
• Gold slipped as investors brace for another supersized rate hike from the Fed. "Gold is still looking vulnerable here as it struggles to find buyers; ETF purchases have disappeared.
Source: Dow Jones Newswires, AFR
$Woolworths Group Ltd (WOW.AU)$: Woolworths Group's Gordon Cairns will retire as chair following the Annual General Meeting in October
$Origin Energy Ltd (ORG.AU)$: Origin Energy has committed an extra $183 million to UK-based Octopus Energy "to maintain its 20 per cent equity interest" and support the energy retail and technology company's "rapid expansion".
$Costa Group Holdings Ltd (CGC.AU)$: Fresh fruit and vegetable grower Costa Gruop has flagged new detection of varroa mite honey bee disease near Nana Glen north-west of Coffs Harbour.
Dividends paid: $BNK Banking Corp Ltd (BBC.AU)$
Commodities
• Iron ore futures rose 1.2% to US$105.8 a tonne after Chinese iron ore futures on the Dalian Commodity Exchange rallied as much as 7.5% on Monday.
• Oil prices remain tenacious amid another wave of poor economic data from the US and Europe. Germany's business confidence plunged to the lowest levels since the initial pandemic and the Dallas Fed Manufacturing came in softer-than-expected.
• Gold slipped as investors brace for another supersized rate hike from the Fed. "Gold is still looking vulnerable here as it struggles to find buyers; ETF purchases have disappeared.
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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