Australia shares snap 3-day losing run as miners, energy stocks gain
1 day, 11 hours ago

Australia shares snap 3-day losing run as miners, energy stocks gain

Live Mint  

Jan 14 - Australian shares snapped a three-day losing streak on Tuesday, with miners and energy companies leading the gains on strong underlying commodity prices. Heavyweight miners gained 0.8%, the highest since Dec. 18, 2024, after iron ore prices hit more than two-week high as revived hopes of more stimulus from top buyer China boosted sentiment. Energy stocks extended their gains from Monday to jump 0.8%, boosted by rising global oil prices on expectations that wider U.S. sanctions on Russian oil would force buyers in India and China to seek other suppliers. Brent crude futures edged up 1.43% to $80.90 a barrel, while U.S. West Texas Intermediate crude shed 0.01% to $78.81 per barrel.

Gain Energy Rising  stocks  run  snapped  losing  oil  snap  gain  shares  energy  rising  lower  prices  miners  australia  3day  strong  gains

History of this topic

Australian shares fall as banks and miners drag
2 weeks, 2 days ago

Australian shares fall as banks and miners drag

Live Mint  

Dec 30 - Australian shares fell on Monday after three straight sessions of gains, as index heavyweight banks retreated and mining stocks declined on weak underlying commodity prices. The benchmark has risen 8.4% so far this year, heading for a second straight session annual gain, even though investors were worried about an uneven economic recovery in Australia's top trading partner …

Miners, healthcare stocks lift Australian shares to record high; New Zealand at 3-year peak
1 month, 3 weeks ago

Miners, healthcare stocks lift Australian shares to record high; New Zealand at 3-year peak

Live Mint  

Nov 25 - Australian shares touched an all-time high on Monday, boosted by healthcare and commodity stocks, while New Zealand's benchmark index hit a near three-year high on hopes of an interest-rate cut later this week. Brent crude futures rose 0.21% to $75.33 a barrel, while U.S. West Texas Intermediate crude gained 0.21% to $71.39 per barrel. Among individual stocks, …

Australia shares post weekly loss as China’s stimulus dampens mining appetite
2 months ago

Australia shares post weekly loss as China’s stimulus dampens mining appetite

Live Mint  

* Benchmark index down 0.2% for week * Mining stocks post worst week in over 2 years * Energy sub-index declines by 2.1% By Rishav Chatterjee Nov 15 - Australian shares rose on Friday but ended the week marginally lower as miners slumped, reflecting dampened investor appetite after the country's top trading partner China unveiled its latest stimulus package. The …

Australia shares fall 1% on commodity declines, CBA posts slightly better profit
2 months ago

Australia shares fall 1% on commodity declines, CBA posts slightly better profit

Live Mint  

Nov 13 - Australian shares fell on Wednesday for the third consecutive session, with the mining and financial sectors declining the most, and the country's number one bank fell after it reported earnings. The mining index bore the brunt of weaker iron ore prices in top steel producer China as investors remained unconvinced of the stimulus measures to prop up …

Commodity stocks drag Australian shares lower on China stimulus letdown
2 months ago

Commodity stocks drag Australian shares lower on China stimulus letdown

Live Mint  

Nov 12 - Australian shares fell on Tuesday for a second straight session, dragged down by losses in heavyweight mining and energy stocks as China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest economy. Iron ore prices closed lower on Monday as another round of stimulus measures by top buyer China disappointed investors who had hoped …

ASX plunge: Here's what's happening in the Australian share market and why we're talking about recession again
2 years, 7 months ago

ASX plunge: Here's what's happening in the Australian share market and why we're talking about recession again

ABC  

On Tuesday, the Australian share market fell by more than 5 per cent within the first 20 minutes of trading and, by the end of the day, nearly $90 billion had been wiped from it. $88 billion wiped off Australian share market on 'one of the worst down days' Photo shows A man with a backpack looks at a screen …

The Australian share market falls, miners rise as iron ore drives a record trade surplus in March
4 years, 8 months ago

The Australian share market falls, miners rise as iron ore drives a record trade surplus in March

ABC  

The Australian share market has closed lower, dragged down by the major banks, but mining stocks have risen after iron ore exports contributed to a record trade surplus in March. Key points: The Australian share market has closed lower, weighed down by the banks, while BHP and Fortescue shares rose US markets fell less than 1 per cent, despite data …

Australian shares dip on coronavirus fears, despite fresh Wall St records
4 years, 11 months ago

Australian shares dip on coronavirus fears, despite fresh Wall St records

ABC  

China's plans to cut tariffs on some US imports have failed to boost the local share market, despite fresh record highs on Wall Street overnight. Market snapshot at 12:30pm : ASX SPI futures — 0.5pc at 6,947, ASX 200 +1.1 pc at 7,049 AUD: 67.1 US cents, 51.9 British pence, 61.1 Euro cents, 73.8 Japanese yen, $NZ1.041 US: Dow Jones …

Discover Related