Live: ASX 200 opens higher after tech stocks weighed on Wall Street trade overnight

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Asx200,Commodity,Finance

The ASX 200 has opened higher this morning following a fickle session on Wall Street that saw the S&P 500 and Nasdaq end lower. Follow Live.

ASX 200: +0.74% to 7,919 points Shanghai: -0.52% to 2,887 pointsFTSE: +0.4% to 8,186 pointsBitcoin: +1.09% to $US65,984Just jumping in with important news for all the billionaires reading this .

The result led the company to maintain its goal of reaching the higher end of its production target for 2024 at 320 million tons. "The anomalous outperformance of small caps, which has seen the Russell 2000 surge, also continued: it's a weird but not inexplicable move, with investors rotating into more cyclical names that could benefit from rate cuts and Trumpian fiscal excess."It far exceeded expectations, rising to 2.8%, smashing the 2.0% estimate."Nevertheless, the data supports the case of an expanding economy and moderating inflation that allows for imminent Fed cuts.

The benchmark August iron ore contract on the Singapore Exchange dipped below the key psychological level of US$100 a ton, falling 1.14% to US$99.75 yesterday afternoon. More worryingly, a slew of dismal Chinese data last week shows an accelerating pace of contraction in floor space under construction, completions and property prices, meaning government policies to clear excess housing inventories are seeing muted impact, Widnell added.

"We allege these companies engaged in a repeated pattern of manipulation to benefit themselves to the detriment of other participants in the market. The outage happened because the advanced platform contained a fault that forced computers running Microsoft's Windows operating system to crash and show the so-called blue screen of death.

The Dow Jones Industrial Average hung onto early gains to close higher on stronger-than-expected US gross domestic product data. The Cboe Volatility Index known as Wall Street's fear gauge, extended its recent gains to close at 18.46, a fresh 14-week high.

 

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