AU Morning Wrap: ASX opens 0.5% lower, led by energy shares
G'day, mooers! Check out the latest news on today's stock market!
• Wall St extends gains, Snap shares crash
• Australian shares open lower on Friday, ASX 200 down 0.45 per cent
• Stocks to watch: IAG, Brickworks, ioneer, Iress
- moomoo News AU
• Wall St extends gains, Snap shares crash
• Australian shares open lower on Friday, ASX 200 down 0.45 per cent
• Stocks to watch: IAG, Brickworks, ioneer, Iress
- moomoo News AU
Wall Street Summary
US stocks rallied for a third night as buyers were encouraged by a weaker dollar and resilient corporate earnings.
The $S&P 500 Index(.SPX.US$ climbed 39 points or 0.99 per cent. The $Dow Jones Industrial Average(.DJI.US$ added 162 points or 0.51 per cent. The $Nasdaq Composite Index(.IXIC.US$ led again, rising 162 points or 1.36 per cent.
AU Market Watch
Australia's S&P/ASX 200 is set to edge higher at the open, building on its strong gains so far this week after U.S. stocks climbed again. ASX futures are up by 0.2%, suggesting the benchmark index can add to its 2.9% rise over the past four sessions. A late burst carried the ASX 200 to a 0.5% gain on Thursday.
Australian shares opened lower this morning. The $S&P/ASX 200(.XJO.AU$ lost 0.45 per cent to 6763.7 as of 10:16 am.
US stocks rallied for a third night as buyers were encouraged by a weaker dollar and resilient corporate earnings.
The $S&P 500 Index(.SPX.US$ climbed 39 points or 0.99 per cent. The $Dow Jones Industrial Average(.DJI.US$ added 162 points or 0.51 per cent. The $Nasdaq Composite Index(.IXIC.US$ led again, rising 162 points or 1.36 per cent.
AU Market Watch
Australia's S&P/ASX 200 is set to edge higher at the open, building on its strong gains so far this week after U.S. stocks climbed again. ASX futures are up by 0.2%, suggesting the benchmark index can add to its 2.9% rise over the past four sessions. A late burst carried the ASX 200 to a 0.5% gain on Thursday.
Australian shares opened lower this morning. The $S&P/ASX 200(.XJO.AU$ lost 0.45 per cent to 6763.7 as of 10:16 am.
Stocks to Watch
$Insurance Australia Group Ltd(IAG.AU$: Insurer IAG is on track to report $347 million in net profit after tax for the 2022 financial year, a sharp uptick from the $427 million loss in the prior financial year.
$Brickworks Ltd(BKW.AU$: Brickworks has today launched a $416 million property trust with real estate fund manager Goodman Group.
$Ioneer Ltd(INR.AU$: Locally listed lithium producer ioneer is among a group of companies that have struck agreements with automaker Ford to help drive its push further into electric vehicles.
$IRESS Ltd(IRE.AU$: Iress, a locally listed software vendor to the financial services industry, will extend an existing on-market share buyback program, the company said early on Friday.
Ex-dividend: $Uniti Group Ltd(UWL.AU$
Dividends paid: $Pengana Private Equity Trust(PE1.AU$, $PARTNERSGG UNITS(PGG.AU$, $Vanguard US Total Market Shares ETF(VTS.AU$
Commodities
• Iron ore futures fell -0.7% to US$103.4 a tonne.
• Oil prices tumbled overnight as investors reassess a rather disappointing summer driving season (northern hemisphere) and weakening global economic data.
• Gold prices rose after the ECB and South African bank delivered larger-than-expected rate hikes, taking some heat out of the US dollar.
Source: Dow Jones Newswires, AFR
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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