Australian Market Slightly Lower

RTTNews | 721 dias atrás

(RTTNews) - The Australian stock market notably higher on Tuesday, snapping a three-session winning streak, with the benchmark S&P/ASX 200 staying above the 7,300 level, following the mixed cues from global markets overnight, as traders remain cautious ahead of the Reserve Bank of Australia's policy decision, where it is expected to raise interest rates for the tenth straight meeting by another 25 basis points.

The benchmark S&P/ASX 200 Index is losing 9.30 points or 0.13 percent to 7,319.30, after hitting a low of 7,302.90 earlier. The broader All Ordinaries Index is down 10.00 points or 0.13 percent to 7,515.70. Australian stocks closed significantly higher on Monday.

Among the major miners, BHP Group and Rio Tinto are losing almost 2 percent each, while Fortescue Metals and OZ Minerals are edging down 0.1 to 0.4 percent each. Mineral Resources is down more than 1 percent.

Oil stocks are mostly higher. Beach energy and Origin Energy are edging up 0.1 percent each, while Santos is gaining more than 1 percent and Woodside Energy is advancing almost 1 percent. Among tech stocks, Afterpay owner Block and WiseTech Global are losing almost 1 percent each, while Appen is edging up 0.4 percent and Zip is adding almost 1 percent. Xero is edging down 0.3 percent.

Gold miners are mostly higher. Northern Star Resources, Gold Road Resources and Newcrest Mining are losing more than 1 percent each, while Evolution Mining is declining more than 2 percent. Resolute Mining is flat.

Among the big four banks, Commonwealth Bank is edging down 0.2 percent, while ANZ Banking is gaining almost 1 percent and Westpac is edging up 0.4 percent. National Australia Bank is flat.

In other news, share in InvoCare are skyrocketing 39 percent after the funeral services provider received a non-binding takeover offer of $1.81 billion from asset manager TPG Global LLC.

In economic news, the total value of retail sales in Australia was up a seasonally adjusted 1.9 percent on month in January, the Australian Bureau of Statistics said on Tuesday - coming in at A$35.091 billion. That was in line with expectations following the 3.9 percent decline in December. On a yearly basis, retail sales advanced 7.5 percent.

The ABS also said Australia posted a seasonally adjusted merchandise trade surplus of A$11.688 billion in January. That missed expectations for a surplus of A$12.500 billion and was down from A$12.237 billion in December.

The RBA will also wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates. The RBA is expected to hike its benchmark lending rate by 25 basis points, from 3.35 percent to 3.60 percent.

In the currency market, the Aussie dollar is trading at $0.673 on Tuesday.

On the Wall Street, stocks showed a notable move to the upside in morning trading on Monday but gave back ground over the course of the session. The major averages pulled back well off their highs of the session, ending the day narrowly mixed.

After surging as much as 1.2 percent, the tech-heavy Nasdaq showed a significant pullback and closed down 13.27 points or 0.1 percent at 11,675.74. Meanwhile, the Dow and the S&P 500 pulled back well off their best levels but closed modestly higher. The Dow crept up 40.47 points or 0.1 percent to 33,431.44 and the S&P 500 inched up 2.78 points or 0.1 percent to 4,048.42.

The major European markets also turned in a mixed performance on the day. While the U.K.'s FTSE 100 Index edged down 0.2 percent, the French CAC 40 Index rose 0.3 percent and the German DAX Index climbed 0.5 percent.

Crude oil futures settled higher on Monday after Saudi Arabia signaled that it sees oil demand picking up in Asia and Europe by raising most prices for crude shipments to the regions. West Texas International Crude oil futures for April advanced $0.78 or 1 percent at $80.46 a barrel.

Continued Consolidation Called For Singapore Shares

The Singapore stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had risen almost 60 points or 1.4 percent. The Straits Times Index now sits just beneath the 3,930-point plateau and it's predicted to open to the downside again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The STI finished slightly lower on Monday following losses from the financial shares and industrial issues, while the property stocks were mixed. For the day, the index eased 2.19 points or 0.06 percent to finish at 3,927.75 after trading between 3,923.28 and 3,951.64. Among the actives, CapitaLand Investment jumped 2.45 percent, City Developments rallied 2.59 percent, DBS Group dropped 0.58 percent, Hongkong Land dipped 0.22 percent, Keppel DC REIT added 0.47 percent, Keppel Ltd sank 0.29 percent, Mapletree Pan Asia Commercial Trust climbed 1.72 percent, Mapletree Industrial Trust strengthened 2.00 percent, Mapletree Logistics Trust and Jardine Cycle both advanced 0.83 percent, Oversea-Chinese Banking Corporation fell 0.23 percent, SATS plunged 3.33 percent, Seatrium Limited tanked 2.10 percent, SembCorp Industries accelerated 2.61 percent, Singapore Technologies Engineering rose 0.20 percent, Thai Beverage spiked 3.00 percent, UOL Group surged 5.89 percent, Wilmar International soared 3.25 percent, Yangzijiang Shipbuilding plummeted 7.14 percent and CapitaLand Integrated Commercial Trust, Yangzijiang Financial, Frasers Logistics & Commercial Trust, Genting Singapore, SingTel, Emperador and Comfort DelGro were unchanged.

RTTNews | 5 h 22 min atrás

Malaysia Shares Tipped To Open To The Downside On Tuesday

The Malaysia stock market turned lower again on Monday, one session after snapping the two-day losing streak in which it had slipped more than 7 points or 0.4 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,585-point plateau and it's expected to open under pressure again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The KLCI finished modestly lower on Monday as losses from the financial shares and industrials were tempered by support from the plantation stocks. For the day, the index dipped 6.78 points or 0.43 percent to finish at 1,584.25 after trading between 1,577.95 and 1,586.39. Among the actives, 99 Speed Mart Retail gained 0.47 percent, while Axiata rallied 2.43 percent, Celcomdigi added 0.87 percent, CIMB Group rose 0.24 percent, Gamuda plunged 5.67 percent, IHH Healthcare eased 0.14 percent, IOI Corporation strengthened 1.59 percent, Kuala Lumpur Kepong jumped 2.00 percent, Maxis and Hong Leong Bank both advanced 1.17 percent, Maybank sank 0.19 percent, MISC accelerated 2.24 percent, MRDIY surged 3.38 percent, Nestle Malaysia and PPB Group both improved 1.10 percent, Petronas Chemicals plummeted 9.66 percent, Press Metal slumped 0.97 percent, Public Bank dropped 0.67 percent, QL Resources climbed 1.29 percent, Sime Darby soared 2.70 percent, SD Guthrie spiked 2.67 percent, Sunway stumbled 1.88 percent, Tenaga Nasional tanked 2.43 percent, YTL Corporation declined 1.53 percent, YTL Power retreated 1.55 percent and Telekom Malaysia and RHB Bank were unchanged.

RTTNews | 5 h 52 min atrás

Renewed Consolidation Expected For Japan Stock Market

Ahead of Monday's holiday for the Emperor's birthday, the Japanese stock market had ended the two-day slide in which it had stumbled almost 600 points or 1.7 percent. The Nikkei 225 now rests just above the 38,775-point plateau although it figures to head south again on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The Nikkei finished modestly higher on Friday following gains from the automobile producers, weakness from the financial shares and a mixed picture from the technology stocks. For the day, the index added 98.90 points or 0.26 percent to finish at 38,776.94 after trading between 38,456.53 and 38,808.81. Among the actives, Nissan Motor skyrocketed 9.47 percent, while Mazda Motor jumped 1.86 percent, Toyota Motor dipped 0.17 percent, Honda Motor advanced 0.99 percent, Softbank Group shed 0.65 percent, Mitsubishi UFJ Financial skidded 1.17 percent, Mizuho Financial tanked 2.48 percent, Sumitomo Mitsui Financial sank 0.82 percent, Sony Group spiked 2.17 percent, Panasonic Holdings strengthened 1.35 percent, Hitachi slumped 2.87 percent and Mitsubishi Electric was unchanged. The lead from Wall Street is soft as the major averages opened higher on Monday but faded quickly and finished mixed.

RTTNews | 6 h 7 min atrás

South Korea Stock Market May Extend Monday's Losses

The South Korea stock market has moved lower in two of three trading days since the end of the seven-day winning streak in which it had rallied almost 150 points or 5.7 percent. The KOSPI now sits just above the 2,645-point plateau and it may take further damage on Tuesday. The global forecast for the Asian markets is negative on growing U.S. tariff concerns. The European and U.S. markets were mostly lower and the Asian markets are also expected to open under pressure. The KOSPI finished modestly lower on Monday following mixed performances from the financial shares, technology stocks and chemical companies. For the day, the index shed 9.31 points or 0.35 percent to finish at the daily high of 2,645.27 after moving as low as 2,626.88. Volume was 491.48 million shares worth 10.46 trillion won. There were 448 gainers and 421 decliners. Among the actives, Shinhan Financial dropped 0.94 percent, while KB Financial sank 0.85 percent, Hana Financial collected 0.32 percent, Samsung Electronics retreated 1.55 percent, Samsung SDI skyrocketed 6.70 percent, LG Electronics improved 1.21 percent, SK Hynix stumbled 2.15 percent, Naver gained 0.66 percent, LG Chem jumped 1.86 percent, Lotte Chemical shed 0.53 percent, SK Innovation climbed 1.13 percent, POSCO Holdings fell 0.35 percent, SK Telecom increased 0.86 percent, KEPCO picked up 0.68 percent, Hyundai Mobis advanced 0.79 percent, Hyundai Motor added 0.49 percent and Kia Motors rose 0.32 percent.

RTTNews | 6 h 22 min atrás

South Korea Rate Decision On Tap For Tuesday

The Bank of Korea will wrap up its monetary policy meeting on Tuesday and then announce its decision on interest rates, highlighting a modest day for Asia-Pacific economic activity. The BoK is expected to trim its benchmark lending rate by 25 basis point, to 2.75 percent from 3.00 percent.

RTTNews | 6 h 52 min atrás

TSX Ends Roughly Flat After Volatile Session

The Canadian market ended flat on Monday after a volatile session, as investors awaited earnings updates from major banks on Tuesday. Worries about tariffs and uncertainty about the outlook for growth weighed on sentiment.

RTTNews | 7 h 9 min atrás

Dollar Recovers After Early Setback, But Stays Mostly Subdued

After hovering around two-month lows during the Asian session, the U.S. dollar recovered some lost ground on Monday, but struggled to move any significantly higher as investors remained cautious amid concerns about growth after last week's data showed a contraction in the nation's services sector.

RTTNews | 7 h 37 min atrás

Swiss Franc Advances Against Majors

The Swiss franc climbed against its major counterparts in the New York session on Monday.

RTTNews | 9 h 45 min atrás

EURUSD	1.04607	GBPUSD	1.26169	AUDUSD	0.63418
USDJPY	150.087	USDCAD	1.42753	USDCHF	0.89762