Источник The Sydney Morning Herald.au, Australia
Заголовок Technology, bank stocks buoy ASX; Wall Street braces for inflation report
Дата 20240628

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============= Обработанный текст:
Technology, bank stocks buoy ASX; Wall Street braces for inflation report

Technology, bank stocks buoy ASX; Wall Street braces for inflation report

By Jessica Yun

Updated June 28, 2024 — 10.59am first published at 5.29am

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Welcome to your five-minute recap of the trading day.

The numbers

Technology, banking and healthcare stocks kept the Australian sharemarket
afloat on Friday as it lost almost all of its morning momentum.

The S&P/ASX 200• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » S&p/asx 200

• Объект организация » Организации по алфавиту » Организации на Ав » Австралийская фондовая биржа » S&p/asx 200
Index edged up 7.9 points, or 0.1 per cent, to 7767.5,
with the mining sector once again dragging on the benchmark’s performance.

All eyes on Wall Street are on the inflation numbers coming out on Thursday
(US time). Credit: Reuters

The lifters

Strike Energy finished the day a major winner, with its shares rallying 12 per
cent after the company benched its plans to construct a $3 billion fertiliser
plant, to instead focus on producing electricity.

Shares in insurer• Страхование » Страховщик IAG rose 7.2 per cent after the company revealed it had
signed a five-year deal with global insurance• Страхование giants, including Warren
Buffett• Объект человек » Персоналии по алфавиту » Персоналии на Wa » Баффетт, Уоррен
’s Berkshire Hathaway• Объект организация » Организации по алфавиту » Организации на Be » Berkshire Hathaway, Inc., that would cap its costs from natural disasters.

De Grey Mining shares finished the trading session 4.6 per cent higher, while
Suncorp Group climbed 3.6 per cent after Treasurer Jim Chalmers gave his
blessing to ANZ to take over the Brisbane-based financial services• Экономика » Финансы » Финансовые услуги

• Сфера услуг » Финансовые услуги
group. ANZ
shares dipped 0.2 per cent.

The technology sector (up 0.9 per cent), financials (up 0.8 per cent) and
healthcare (up 0.5 per cent) supported the market. WiseTech shares rose 2 per
cent and NextDC jumped 1 per cent.

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Share in Nine Entertainment, publisher of this masthead, finished 1.1 per cent
higher after the company’s chief executive Mike Sneesby announced up to 200
job cuts.

The laggards

On the downside, Pilbara Minerals shares shed 5.8 per cent, Arcadium Lithium
dipped 4.8 per cent and Charter Hall Group sank 4.4 per cent.

The mining sector continued its recent losses to end 1 per cent lower. Rio
Tinto• Объект организация » Организации по алфавиту » Организации на Ri » Rio Tinto
shares fell 2.1 per cent, Fortescue was down 1.2 per cent and BHP• Объект организация » Организации по алфавиту » Организации на Bh » BHP Billiton dipped
1.1 per cent. The consumer staples sector also lost 0.5 per cent.

Gourmet food company Maggie Beer issued a trading update that flagged lower
gross margins and second half earnings that sent its share price down 4.6 per
cent.

Adore Beauty shares closed 5.9 per cent lower in a signal that investors
failed to welcome its acquisition of spa and beauty brand iKOU for $25
million.

The lowdown

AMP chief economist Shane Oliver said global equity markets, including the
ASX, areat risk of another correction”.

“The risk of another rate hike in Australia• Австралия before cuts commence will likely
see the Australian sharemarket remain a relative underperformer. July is often
a solid month seasonally, but August and September are seasonally weak
months,” Oliver wrote in a research note to clients. “That said, despite the
risk of another correction, we continue to see further gains in shares this
year as disinflation continues, more central banks join in cutting rates and
as recession is avoided or proves mild.”

Overnight on Wall Street, markets were little changed as traders looked ahead
to a key report on inflation that could influence the US Federal Reserve’s
next move on interest rates.

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The S&P 500• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » S&P 500 Index eked out a 0.1 per cent gain and is hovering near its
record high set last week. The Nasdaq• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » Nasdaq Composite Index rose 0.3 per cent and
remains just below its high. The Dow Jones Industrial Average• Экономика » Финансы » Финансовый рынок » Рынок ценных бумаг » Биржи » Биржевые индексы » Промышленный индекс Доу-Джонса

• Объект организация » Организации по алфавиту » Организации на Нь » Нью-Йоркская фондовая биржа » Промышленный индекс Доу-Джонса
edged up 0.1 per
cent.

Gains in retailers and communications services companies helped outweigh
losses in consumer goods makers, financial stocks and elsewhere in the market.

Amazon.com• Объект организация » Организации по алфавиту » Организации на Am » Amazon.com, Inc. shares rose 2.2 per cent and Meta Platforms added 1.3 per cent.

Treasury yields fell in the bond market. The yield on the 10-year Treasury
fell to 4.28 per cent, from 4.33 per cent late Wednesday. The yield on the
two-year Treasury fell to 4.71 per cent, from 4.75 per cent.

Tweet of the day

Quote of the day

We will be focused on finding efficiencies where we can, and making prudent
decisions so we can continue to invest in growth areas that are driving subs.
We are looking at reducing the publishing division headcount by between 70 and
90 staff over coming months.” Nine’s publishing boss, Tory Maguire, on
figuring out a plan to reduce staff costs. .

You may have missed

Pub operators and investors are rolling back into the sector, with close to
$100 million in sales completed in the past few weeks . Buyers are taking
advantage of pub patrons keen to socialise, watch sport and have a meal at
their local watering hole. Investor interest is being spurred by the
possibility of stage 3 tax cuts revitalising household budgets.

With AP

The Market Recap newsletter is a wrap of the day’s trading. Get it each we e
kday afternoon .

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Jessica Yun is a business• Экономика » Бизнес reporter covering retail• Объект организация » Организации по алфавиту » Организации на Am » Amazon.com, Inc. and food for The Sydney
Morning Herald and The Age. Connect via Twitter or email• Коммуникации » Интернет-коммуникации » Электронная почта .

Most Viewed in Business• Экономика » Бизнес

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The Sydney Morning Herald

============= Итог: 6,7599 ; Экономика#Финансы#Финансовый рынок#Рынок ценных бумаг#Биржи #Биржевые индексы#Nasdaq#S&p/asx 200 6,7599 ; Экономика#Финансы#Финансовый рынок#Рынок ценных бумаг#Биржи #Биржевые индексы#Nasdaq#Промышленный индекс Доу-Джонса 6,7599 ; Экономика#Финансы#Финансовый рынок#Рынок ценных бумаг#Биржи #Биржевые индексы#Nasdaq#S&P 500 6,7599 ; Экономика#Финансы#Финансовый рынок#Рынок ценных бумаг#Биржи #Биржевые индексы#S&P 500#Nasdaq 1,6531 ; Экономика#Бизнес 1,6328 ; Экономика#Финансы#Финансовые услуги 1,7500 ; Страхование#Страховщик 1,3125 ; Коммуникации#Интернет-коммуникации#Электронная почта 2,0000 ; Австралия

============= Объекты: персоналии Баффетт, Уоррен Американский предприниматель, инвестор организации Amazon.com, Inc. BHP Billiton Berkshire Hathaway, Inc. Rio Tinto

============= Географические объекты: 1 -25.000000000,135.000000000 Австралия

============= Связи: BHP Billiton # wikilinks # Rio Tinto Berkshire Hathaway, Inc. # ассоциации # Баффетт, Уоррен Nasdaq # ассоциации # S&p/asx 200 S&P 500 # ассоциации # Nasdaq Промышленный индекс Доу-Джонса # ассоциации # S&P 500 Промышленный индекс Доу-Джонса # ассоциации # Nasdaq Промышленный индекс Доу-Джонса # ассоциации # S&p/asx 200


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