Thursday, December 2, 2021
Home > BUSINESS > Australian market In particular lower | Nasdaq

Australian market In particular lower | Nasdaq

(RTTNews) – The Australian stock market is particularly lower on Friday, posting gains in the previous session, with the benchmark S & P / ASX 200 just above the 7,400 level, following the mixed signals overnight from Wall Street, drawn by materials, gold miners, energy and financial stocks. Traders are also concerned that the country is struggling to contain the domestic coronavirus situation, primarily in New South Wales and Victoria.

NSW reported 1,284 new local cases of COVID-19 and twelve deaths Thursday. Victoria registered 510 new locally acquired cases and one death, with active cases now totaling 4,697 across the state.

The Benchmark S & P / ASX 200 Index loses 57.00 points or 0.76 percent to 7,403.20, after hitting a low of 7,389.30 earlier. The broader All Ordinaries Index has fallen 60.20 points or 0.78 percent to 7,699.60. Australian markets ended modestly higher on Thursday.

Among major miners, the BHP Group is down nearly 3 percent, Mineral Resources is down more than 6 percent, OZ Minerals is down nearly 4 percent, Fortescue Metals is down more than 8 percent and Rio Tinto is down more than 3 percent.

Oil stocks are lower. Oil exploration is down 1.5 percent, Beach Energy is down more than 1 percent, Woodside Petroleum is down 0.2 percent, Origin Energy is down nearly 1 percent and Santos is down more than 2 percent.

Among tech stocks, Xero gains nearly 1 percent, the App adds nearly 2 percent, WiseTech Global has risen more than 3 percent, and Afterpay is rising nearly 3 percent.

Among the four major banks, ANZ Banking, Commonwealth Bank and Westpac lose almost 1 per cent each, while National Australia Bank falls more than 1 per cent.

Gold miners are lower. Newcrest Mining and Evolution Mining lose nearly 4 percent each, while Gold Road Resources and Northern Star Resources fall nearly 5 percent each. Resolute Mining has fallen more than 3 percent. In other news, shares in Iress fell more than 11 percent after software maker revealed that suitor EQT has gone off the table.

In the foreign exchange market, the Aussie dollar is trading at $ 0.729 on Friday.

On Wall Street, stocks fluctuated during the trading session on Thursday before the day ended slightly changed. The big averages recovered after an early step to the downside, but eventually ended the session on opposite sides of the unchanged line.

After falling nearly 275 points in the morning trade, the Dow closed only 63.07 points or 0.2 percent at 34,751.32. The S&P 500 also fell 6.95 points or 0.2 percent to 4,473.75, while the Nasdaq rose 20.40 points or 0.1 percent to 15,181.92.

Meanwhile, the major European markets moved upward on the day. While the French CAC 40 index rose 0.6 percent, the German DAX index and the UK FTSE 100 index both rose 0.2 percent.

Crude oil futures settled on Thursday, giving up early gains with concerns over China’s decision to release some crude oil from its strategic petroleum reserve. West Texas Intermediate crude oil futures for October settled at $ 72.61 a barrel, unchanged from the previous close.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Leave a Reply

Your email address will not be published. Required fields are marked *