Latest news with #ASX200
News.com.au
3 hours ago
- Business
- News.com.au
ASX 200 expected to be ‘in the green' following King's Birthday
Sky News Business Reporter Edward Boyd says the local market is expected to be 'in the green' when the ASX 200 opens on Tuesday. The major markets are expected to open slightly lower when they begin trading tonight.
Sky News AU
4 hours ago
- Business
- Sky News AU
ASX 200 expected to be ‘in the green' following King's Birthday
Sky News Business Reporter Edward Boyd says the local market is expected to be 'in the green' when the ASX 200 opens on Tuesday. The major markets are expected to open slightly lower when they begin trading tonight.
West Australian
3 days ago
- Business
- West Australian
‘Uncertain macro backdrop': ASX slips ahead of jobs figures
Cautious investors sold down the ASX on a quiet day of trading on Friday, despite the US and China resuming trade talks, as markets await critical jobs data out of the US. The benchmark ASX 200 index slipped for the second consecutive day of trading falling by 23.20 points or 0.27 per cent to 8,515.70. The ASX200 has now recorded four consecutive weekly gains. The broader All Ordinaries fell during Friday's trading, down 26.70 points or 0.30 power cent to 8,741.90. The Australian dollar also is down 0.21 per cent and is now buying 64.95 US cents. On an overall bleak day on the market, nine of the 11 sectors finished in the red with just energy, industrials and utilities gaining ground. Woodside Energy gained 0.97 per cent to $22.94, while Santos is up 0.61 per cent to $6.58 as the price of Brent crude oil continues to recover over the week's trading. Industrials also had a strong day led by Qantas Airways which jumped 3.46 per cent to $10.76 despite the news Virgin Australia is looking to re-list. Transurban shares also rose 0.63 per cent to $14.38, and Computershares Limited rose 0.83 per cent to $41.08. CBA shares slipped from its record highs down 0.79 per cent to $179.90, Westpac fell 0.24 per cent to $33.18 and ANZ traded 0.44 per cent lower to $29.50. NAB was the only big four bank to finish in the eking out a 0.18 per cent gain and to close Friday's trading at $38.58. eToro market analyst Josh Gilbert said initially there was optimism on the markets following 'very good' trade talks between Washington and Beijing. But this quickly changed after a public spat between former friends President Donald Trump and Tesla chief executive Elon Musk. 'This will provide a hit to overall market sentiment, particularly tech, but may not be long-lasting for anyone other than Tesla,' Mr Gilbert said. The overall lower volumes on the ASX comes as investors await the latest payroll data out of the US. 'The uncertain macro backdrop continues to provide a hurdle for risk-on sentiment, and cooling US economic data is leaving investors unassured,' Mr Gilbert said. 'With the labour market heavily in focus, the print this evening will be essential for market direction.' Mr Gilbert said negative economic data released throughout the week could actually help drive the ASX 200 higher. 'The weaker-than-expected GDP data this week also drives the expectation for further rate cuts, further supporting the market optimism,' he said. In corporate news, Worley shares fell 0.46 per cent to $13.08 despite the business announcing it had won a contract with Glenfarne to help support engineering work on its Alaska LNG pipeline. Shares in gold miner West Cobar Metals soared 60 per cent to $0.024 after announcing it has completed the acquisition of the Mystique Gold Project in Fraser Range, Western Australia.
Perth Now
3 days ago
- Business
- Perth Now
ASX slips after Trump/Musk stoush
Cautious investors sold down the ASX on a quiet day of trading on Friday, despite the US and China resuming trade talks, as markets await critical jobs data out of the US. The benchmark ASX 200 index slipped for the second consecutive day of trading falling by 23.20 points or 0.27 per cent to 8,515.70. The ASX200 has now recorded four consecutive weekly gains. The broader All Ordinaries fell during Friday's trading, down 26.70 points or 0.30 power cent to 8,741.90. The Australian dollar also is down 0.21 per cent and is now buying 64.95 US cents. Nine of the 11 sectors fell during Friday's trading NewsWire / Max Mason-Hubers Credit: News Corp Australia On an overall bleak day on the market, nine of the 11 sectors finished in the red with just energy, industrials and utilities gaining ground. Woodside Energy gained 0.97 per cent to $22.94, while Santos is up 0.61 per cent to $6.58 as the price of Brent crude oil continues to recover over the week's trading. Industrials also had a strong day led by Qantas Airways which jumped 3.46 per cent to $10.76 despite the news Virgin Australia is looking to re-list. Transurban shares also rose 0.63 per cent to $14.38, and Computershares Limited rose 0.83 per cent to $41.08. CBA shares slipped from its record highs down 0.79 per cent to $179.90, Westpac fell 0.24 per cent to $33.18 and ANZ traded 0.44 per cent lower to $29.50. NAB was the only big four bank to finish in the eking out a 0.18 per cent gain and to close Friday's trading at $38.58. eToro market analyst Josh Gilbert said initially there was optimism on the markets following 'very good' trade talks between Washington and Beijing. But this quickly changed after a public spat between former friends President Donald Trump and Tesla chief executive Elon Musk. 'This will provide a hit to overall market sentiment, particularly tech, but may not be long-lasting for anyone other than Tesla,' Mr Gilbert said. Australia's sharemarket has now risen four consecutive weeks in a row. NewsWire / Max Mason-Hubers Credit: News Corp Australia The overall lower volumes on the ASX comes as investors await the latest payroll data out of the US. 'The uncertain macro backdrop continues to provide a hurdle for risk-on sentiment, and cooling US economic data is leaving investors unassured,' Mr Gilbert said. 'With the labour market heavily in focus, the print this evening will be essential for market direction.' Mr Gilbert said negative economic data released throughout the week could actually help drive the ASX 200 higher. 'The weaker-than-expected GDP data this week also drives the expectation for further rate cuts, further supporting the market optimism,' he said. In corporate news, Worley shares fell 0.46 per cent to $13.08 despite the business announcing it had won a contract with Glenfarne to help support engineering work on its Alaska LNG pipeline. Shares in gold miner West Cobar Metals soared 60 per cent to $0.024 after announcing it has completed the acquisition of the Mystique Gold Project in Fraser Range, Western Australia.
Mint
3 days ago
- Business
- Mint
Australia shares end lower in choppy trade after Trump-Xi call; log fourth week of gains
Australian banks gain for a fourth week ASX 200 mirrors banks' trajectory Technology stocks end 0.7% lower Whitehaven up after MS affirms rating June 6 - Australia shares capped four straight weeks of gains with minor declines in choppy trade on Friday after a call between U.S. President Donald Trump and China's Xi Jinping left key issues unresolved, weighing on sentiment. The benchmark S&P/ASX 200 index closed 0.3% lower at 8,515.70 points. Trump and Xi locked horns in a rare leader-to-leader phone call on Thursday. Trump later said on social media that they had made a breakthrough in matters related to rare earth minerals, although neither confirmed the issue had been resolved. There would be further low-level U.S.-China discussions, the U.S. President added. Despite no concrete progress being made overnight, communication out of both camps is that talks are progressing, said Luke Winchester, a portfolio manager at Merewether Capital. Miners rose in early trading, later trimming gains to close 0.2% lower. China, the world's top consumer of metals, is Australia's biggest export partner. The domestic financial index slipped 0.4% in muted trading, their second straight session of losses, with Commonwealth Bank of Australia and ANZ Group leading declines with 0.8% and 0.4% fall, respectively. However, the sub-index gained for a fourth straight week, ending 2.4% higher, on hopes of further easing boosting lending volumes. Technology stocks led losses on the local bourse with a 0.7% decline, tracking U.S. peers, after an escalating public feud between Elon Musk and Trump knocked down Tesla stocks 14%. Energy stocks ended 0.7% higher, led by advances in coal miners. Whitehaven Coal rose 3.6% after Morgan Stanley maintained its "overweight" rating, citing expected operational improvements and cost-cutting efforts. New Zealand's benchmark S&P/NZX 50 index slipped marginally to finish the session at 12,563.48 points. This article was generated from an automated news agency feed without modifications to text.
