Latest news with #FTSE250Index
Sky News AU
4 days ago
- Business
- Sky News AU
ASX 200 soars after major Wall Street indexes rebound from wipeout over jobs report
Australian stocks are on a tear on Tuesday after Wall Street rebounded from a wipeout triggered by poor jobs numbers in the US. The index has jumped one per cent in the first 50 minutes of trading, adding more than $30 billion to the portfolios of investors. Financial services provider Credit Corp Group soared 15.7 per cent after revealing a 16 per cent profit bump for the 2025 financial year. Defence company Austal rose 6.2 per cent after finalising an agreement with the federal government to build ships while Lynas Rare Earths and buy-now-pay-later company Zip both jumped 5.2 per cent. Meanwhile, Telix Pharmaceuticals sank 15.2 per cent after it said it faced higher operating expenses in the first half of the 2025 financial year. Wall Street bounced back from its Friday wipeout with the Dow Jones soaring 1.3 per cent, the S&P 500 adding 1.5 per cent and the Nasdaq surging two per cent on Monday. Major tech companies drove the surge with chipmaker Nvidia jumping 3.6 per cent and Meta rising 3.5 per cent. US markets dived on Friday after it was revealed non-farm payrolls rose by 73,000 during July, well below expectations of about 100,000. London's FTSE 250 Index rose 0.7 per cent, Germany's DAX added 1.4 per cent and the STOXX Europe 600 jumped 0.9 per cent on Monday after all indexes suffered major blows late last week. New Zealand's NZX 50 Index has risen 0.6 per cent since trading began on Tuesday while Japan's Nikkei 225 has jumped 0.5 per cent.
Sky News AU
23-07-2025
- Business
- Sky News AU
ASX 200 jumps while Commonwealth Bank of Australia nosedives before recovering after suffering its worst day since April
The ASX 200 has jumped on Wednesday while the index's largest company plummeted before recovering its losses following a wipeout on Tuesday. The bourse jumped 0.3 per cent in the first 70 minutes of trading. Commonwealth Bank of Australia plunged about one per cent before more than recovering after suffering its worst day since April on Tuesday when the bank shed more than three per cent. CBA's dive follows it soaring more than 45 per cent in the 12 months to the end of June, boosting its market cap to about $300b before starting to fall. Meanwhile, Telix Pharmaceuticals has plummeted 15.1 per cent after revealing the US Securities and Exchange Commission issued it a subpoena for more information on disclosures about its prostate cancer therapies. Energy giant Woodside is up 1.8 per cent after reporting a jump in its oil production to 50 million barrels in the second quarter of 2025. Aluminium producer Alcoa Corporation has added four per cent, hardware manufacturer James Hardie is up 4.5 per cent and Whitehaven Coal has surged 4.2 per cent. It follows the index rising on Tuesday before almost completely undoing the gain and finishing up about 0.1 per cent. The performance on Wall Street was mixed with the Dow Jones rising 0.4 per cent, the S&P 500 adding 0.1 per cent and the Nasdaq sinking 0.4 per cent on Tuesday. London's FTSE 250 Index and the STOXX Europe 600 both sank 0.4 per cent while Germany's DAX fell 1.1 per cent. Since trading began on Wednesday, New Zealand's NZX 50 index is down 0.5 per cent and Japan's Nikkei 225 has soared 1.9 per cent.
Sky News AU
19-06-2025
- Business
- Sky News AU
ASX 200 sinks on Thursday as the index's largest tech company WiseTech dives amid board exodus
The ASX 200 dropped on Thursday and its largest tech company has sunk after more board members quit the company. WiseTech fell 1.2 per cent in the first 30 minutes of trading after two long serving non-executive directors, Charles Gibbon and Michael Gregg, exited the business. It comes amid an array of scandals and allegations involving its executive chairman Richard White and the abrupt resignation of four board members in February over 'intractable differences' about Mr White's ongoing role at the $36b company. The pair will be replaced by Sandra Hook, a former News Corp and Fairfax executive, and Rob Castaneda, a tech company founder. The ASX 200 is down 0.1 per with Evolution Mining sinking 2.9 per cent, aluminium producer Alcoa Corporation shedding 2.3 per cent and aged housing company Lifestyle Communities plunging 2.6 per cent. The fall follows the US Federal Reserve keeping the cash rate on hold as expected while the central bank assesses the impact of Trump's economic policies. "For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance," Federal Reserve Chair Jerome Powell told reporters on Wednesday. On Wall Street, the Dow Jones slumped 0.1 per cent, the S&P 500 finished flat and the Nasdaq rose 0.1 per cent. London's FTSE 250 Index added 0.3 per cent on Wednesday, Germany's DAX shed 0.5 per cent and the STOXX Europe 600 dropped 0.4 per cent. New Zealand's NZX 50 Index is down 0.1 per cent on Thursday, while Japan's Nikkei 225 has plummeted 0.7 per cent.
Sky News AU
23-05-2025
- Business
- Sky News AU
ASX 200 back in the black after uranium stocks buoyed by report Donald Trump will sign executive orders on nuclear energy
The ASX 200 is up again on Friday, heavily driven by surging uranium stocks. The index shed 0.5 per cent on Thursday in a rare loss as it continues to climb back up to its mid-February high point. It see-sawed on opening and sits up about 0.2 per cent after the first 40 minutes of trading. Uranium miners are soaring on Friday with Boss Energy up 11.5 per cent, Deep Yellow rising 8.3 per cent and Paladin Energy jumping 7.9 per cent. This follows a Reuters report that Donald Trump is expected to sign nuclear-related executive actions this week over concerns about US dependence on Russia and China for uranium and nuclear fuel. In the US, the major indexes finished the day largely unchanged with both the Dow Jones and S&P 500 flat and the Nasdaq rose 0.3 per cent. This followed a wipeout across Wall Street on Wednesday as investors were spooked by lacklustre US Treasury auction that highlighted concerns about the economic strength of the world's largest superpower. The major European indexes recorded falls on Thursday with London's FTSE 250 Index diving 0.7 per cent, Germany's DAX sinking 0.5 per cent and the EURO STOXX 50 Index shedding 0.6 per cent. Since it began trading on Friday, New Zealand's NZX 50 Index has zig-zagged and sits relatively flat from its Thursday closing price.
Sky News AU
20-05-2025
- Business
- Sky News AU
ASX 200 soars as investors encouraged by highly expected interest rate cut, rebound on US markets after Moody's downgrade
The ASX 200 has surged on Tuesday as investors are buoyed by hopes of a rate cut from the Reserve Bank of Australia and markets bouncing back up in the United States. Investors will have a close eye on the RBA's interest rate call at 2.30pm, where the central bank is highly expected to deliver the second cut this year and bring the cash rate below four per cent for the first time since 2023. The market surged 0.7 per cent in the first 20 minutes of trading with Life360 up 2.3 per cent, Capstone Copper up two per cent and BlueScope Steel rising 1.6 per cent. Investors are encouraged as money markets say there is a 99.5 per cent chance the RBA will drop the cash rate by 0.25 per cent, bringing it down half a per cent since the central bank began cutting rates after the pandemic. In the US, major indexes slumped after opening on Monday before more than recovering following Moody's downgraded the US' credit rating due to ballooning debt and deficit. The S&P 500 finished up 0.1 per cent, the Nasdaq was 0.02 per cent in the green and the Dow Jones was 0.3 per cent up on its Friday closing price. In Europe, London's FTSE 250 Index finished down less than 0.1 per cent while Germany's DAX rose 0.7 per cent and the EURO STOXX 50 Index finished flat. New Zealand's NZX 50 Index has risen 0.4 per cent since trading opened on Tuesday and Japan's Nikkei 225 is up 0.8 per cent.
