AU Morning Wrap: Australia Shares Lift; Gold Reaches Record High
G'day, mooers! Check out the latest news on today's stock market!
• Wall Street climbed all-time highs
• Australia shares lift; Gold reaches record high
• Stocks to watch: Washington H Soul Pattinson, Brickworks, Sigma Healthcare, Electro Optic Systems
![AU Morning Wrap: Australia Shares Lift; Gold Reaches Record High](https://ussnsimg.moomoo.com/feed_image/151000101/efe441ea1efa3dcd8d6d2bdaeacbd184.webp/bigmoojpg)
Wall Street Summary
Markets climbed Wednesday after the FOMC rate decision, which went as planned: no changes were announced for the Federal Funds Target Rate of 5.25-5.5%.
With preliminary closing figures, all three major indexes were on track to close at all-time highs. The $.SPX.US$ climbed 0.89% to 5,224, an all-time intraday and closing high. The $.DJI.US$ climbed 1.03% to 39,511, an all-time closing high, and the $.IXIC.US$ climbed 1.25% to 16,369, on track to a closing high.
AU Market Watch
In early trade, Australian shares rose by 0.6% following gains on Wall Street after Federal Reserve policymakers indicated that they anticipate three interest rate cuts this year.
Additionally, Australian economic data expected to be released today is predicted to show that around 50,000 jobs were added last month, indicating a recovery from the weak figures in January, and the jobless rate is anticipated to remain stable at 4.1%.
Stocks to Watch
$SOL.AU$ increased its dividend by 11%, but its profits fell due to lower coal prices and property values impacting some of its major investments.
$BKW.AU$ reported a loss after devaluing its property holdings.
$SIG.AU$ reported a 9% increase in same-store sales for its pharmacies during the fiscal year ending on January 31st.
$EOS.AU$, a popular defense stock, plans to raise $40 million in equity. The company's shares have surged by 100% this year and an impressive 362% over the last 12 months.
Dividends Paid: None
Listing: None
Economic Calendar (AEDT):
11:30 am: Australia Unemployment Rate (Feb)
11:00 pm: Bank of England Rate Decision
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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ArtieZiffsCat : Good monring~
DustBrother :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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Kakakala12 : But why is iron ore falling?
Cocona33 : When will I be allowed to win?
TOLKKI :![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
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Skoljil : Don't go down..
assailed : Hopefully, it will go up every day and the realization of abundance will be just around the corner.