AU Morning Wrap: ASX opens higher; GDP data in focus
G'day, mooers! Check out the latest news on today's stock market!
• U.S. stocks finished lower after last week's rally
• Australian shares opened higher on Wednesday, ASX 200 up 0.19 per cent
• Stocks to watch: NAB, AVZ Minerals, Mesoblast
- moomoo News AU
• U.S. stocks finished lower after last week's rally
• Australian shares opened higher on Wednesday, ASX 200 up 0.19 per cent
• Stocks to watch: NAB, AVZ Minerals, Mesoblast
- moomoo News AU
Wall Street Summary
US stocks ended a rollercoaster month little changed as the main indices once again turned lower. Energy and mining stocks spearheaded overnight falls. Consumer stocks rallied amid signs confidence among American consumers held up better than expected as the cost of living surged.
The S&P 500 dropped 26 points or 0.63 per cent. The Dow Jones Industrial Average shed 223 points or 0.67 per cent. The Nasdaq Composite gave up 50 points or 0.41 per cent.
AU Market Watch
Australia's S&P/ASX 200 looks likely to fall at the open after U.S. stocks pulled back following a holiday weekend. ASX futures are 0.4% lower, suggesting that the benchmark index will fall at the start of the new trading month. The ASX 200 lost 1.0% on Tuesday, rounding out a 3.0% decline for May.
Australian shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 0.19 per cent to 7225 as of 10:12 am.
US stocks ended a rollercoaster month little changed as the main indices once again turned lower. Energy and mining stocks spearheaded overnight falls. Consumer stocks rallied amid signs confidence among American consumers held up better than expected as the cost of living surged.
The S&P 500 dropped 26 points or 0.63 per cent. The Dow Jones Industrial Average shed 223 points or 0.67 per cent. The Nasdaq Composite gave up 50 points or 0.41 per cent.
AU Market Watch
Australia's S&P/ASX 200 looks likely to fall at the open after U.S. stocks pulled back following a holiday weekend. ASX futures are 0.4% lower, suggesting that the benchmark index will fall at the start of the new trading month. The ASX 200 lost 1.0% on Tuesday, rounding out a 3.0% decline for May.
Australian shares opened higher this morning. The $S&P/ASX 200(.XJO.AU$ gained 0.19 per cent to 7225 as of 10:12 am.
First-quarter GDP will be released at 11.30am AEST.
Stocks to Watch
$National Australia Bank Ltd(NAB.AU$: National Australia Bank has completed the acquisition of Citigroup’s Australian consumer business.
$AVZ Minerals Ltd(AVZ.AU$: Lithium explorer AVZ Minerals has requested a trading halt until July 1 as it works through legal proceedings related to its mining and exploration rights at the Manono Project in Congo, Africa.
$Mesoblast Ltd(MSB.AU$: Mesoblast has reported a $US23.1 million ($32.15 million) loss after tax for the third quarter of the 2022 financial year, compared to its $US26.5 million loss for the same period last year.
Ex-Dividend: $United Malt Group Ltd(UMG.AU$, $VGI Partners Ltd(VGI.AU$
Dividends Paid: $Dicker Data Ltd(DDR.AU$, $Sandon Capital Investments Ltd(SNC.AU$
Commodities
• Iron ore were relatively unchanged.
• Oil prices pulled back from highs of US$120 after the EU agreed on a partial Russian oil ban.
• Gold began to slip as US yields began bouncing after a recent pullback.
Source: Dow Jones Newswires, AFR
Stocks to Watch
$National Australia Bank Ltd(NAB.AU$: National Australia Bank has completed the acquisition of Citigroup’s Australian consumer business.
$AVZ Minerals Ltd(AVZ.AU$: Lithium explorer AVZ Minerals has requested a trading halt until July 1 as it works through legal proceedings related to its mining and exploration rights at the Manono Project in Congo, Africa.
$Mesoblast Ltd(MSB.AU$: Mesoblast has reported a $US23.1 million ($32.15 million) loss after tax for the third quarter of the 2022 financial year, compared to its $US26.5 million loss for the same period last year.
Ex-Dividend: $United Malt Group Ltd(UMG.AU$, $VGI Partners Ltd(VGI.AU$
Dividends Paid: $Dicker Data Ltd(DDR.AU$, $Sandon Capital Investments Ltd(SNC.AU$
Commodities
• Iron ore were relatively unchanged.
• Oil prices pulled back from highs of US$120 after the EU agreed on a partial Russian oil ban.
• Gold began to slip as US yields began bouncing after a recent pullback.
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
Australian stock market news that is available at your fingertips
3285Followers
6Following
96KVisitors
Follow