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      AU Morning Wrap | ASX hits new high; Origin Energy revises LNG forecast downward

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      Moomoo News AU wrote a column · Jan 31 00:24
      G'day, mooers! Check out the latest news on today's stock market!
      • Despite tech giants' earnings pressuring the Nasdaq, the market rises on Thursday as favorable inflation data pushes the Dow near an all-time high, lifting all major indices by the close.
      • Australian stocks climb on Thursday after major banks in predicting the RBA's first rate cut in February.
      • Stocks to watch: ORG, SGR, etc.
      AU Morning Wrap | ASX hits new high; Origin Energy revises LNG forecast downward
      Wall Street Summary
      On Thursday, the market posted gains, despite weaker-than-expected tech earnings from Wednesday that weighed on the Nasdaq. However, better-than-anticipated inflation data provided a boost, driving the Dow close to a record high, just 60 points shy. By the end of the trading session, all major indices had moved higher.
      Just after the closing bell, the $标普500指数(.SPX.US)$traded higher 0.53%, the $道琼斯指数(.DJI.US)$climbed 0.38%, and the $纳斯达克综合指数(.IXIC.US)$climbed 0.25%.
      AU Market Watch
      In Australia, stocks continued to rise on Thursday following NAB's prediction that the Reserve Bank of Australia would implement its first interest rate cut in February, aligning with forecasts from other major banks. 8 out of the index's 11 sectors opened higher, with materials leading the gains.
      A weaker US dollar overnight fueled a rally in Australian mining companies that price iron ore and gold in the currency. $BHP Group Ltd (BHP.AU)$ rose 1.2%, $Rio Tinto Ltd (RIO.AU)$ gained 0.9%, and $Fortescue Ltd (FMG.AU)$ advanced 0.9%. Real estate stocks also saw strong performance, with $Goodman Group (GMG.AU)$, a major index component, surging 2%.
      Crypto
      As of the latest data, $比特币(BTC.CC)$is priced at $104,503.61, up 0.88% in the past 24 hours, while $以太坊(ETH.CC)$is priced at $3,239.9, up 4.37% over the previous 24 hours.
      Stocks to Watch
      $Origin Energy Ltd (ORG.AU)$'s shares down 4.1%, dragging down the utilities sector, after revising down its production outlook for Australia-Pacific LNG in fiscal year 2025.
      ORG Origin Energy Ltd
      10.740
      -0.460
      -4.11%
      Delayed
      Jan 31 11:18 AET
      $The Star Entertainment Group Ltd (SGR.AU)$ surged 4.2% after announcing plans to sell an events complex within its flagship Sydney precinct to avoid financial collapse.
      SGR The Star Entertainment Group Ltd
      0.125
      +0.005
      +4.17%
      Delayed
      Jan 31 11:19 AET
      $Lendlease Group (LLC.AU)$ rose 2.7% since it had agreed to sell Capella Capital to Sojitz Corporation for A$235 million, marking another step in its strategy to streamline operations and cut future financial obligations.
      LLC Lendlease Group
      6.540
      +0.170
      +2.67%
      Delayed
      Jan 31 11:07 AET
      $Ramsay Health Care Ltd (RHC.AU)$'s shares slipped 0.6% after its Australian CEO, Carmel Monaghan announced to retire mid-year after 27 years with the company.
      RHC Ramsay Health Care Ltd
      33.900
      -0.010
      -0.03%
      Delayed
      Jan 31 11:11 AET
      Economic calendar (AEDT):
      10:30 am: Australia Producer Price Index (Q4)
      11:30 pm: US Core PCE Price Index (Dec)
      Source: Dow Jones Newswires, AFR, Market Index
      Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only. Read more
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        Moomoo News AU
        Moomoo News Official Account
        Australian stock market news that is available at your fingertips
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