Live updates: Australian share market rises as Wall Street ends flat, gold jumps on demand

The Australian sharemarket has opened higher despite a mediocre session on Wall Street, while uncertainties around President-elect Donald Trump's policies lift gold prices.Australian dollar: Flat at 62.21 US centsThe Australian sharemarket has opened higher, on track to end the week in positive territory after the central bank opened the door for lowering borrowing costs earlier this week.Nine out of the 11 sectors were higher, with industrials and education leading the gains.

On a day of few catalysts, investors responded to yields on US government bonds inching higher, including the yield on the benchmark 10-year Treasury note hitting its highest since early May at 4.64% earlier in the session. Among those megacap stocks, Tesla, Amazon and Meta Platforms slipped. Apple increased, continuing to edge closer to becoming the first company in the world to hit a market value of $US4 trillion.

The three main indexes have hit multiple record highs this year on hopes of a lower interest rate environment and the prospects of artificial intelligence boosting corporate profits. Uncertainties around President-elect Donald Trump's policies lifted gold prices. This, along with the Federal Reserve's less dovish messaging about lowering rates further next year, helped elevate the 10-year Treasury yield to its highest since early May.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Live updates: Australian share market to fall ahead of third-quarter GDP data, Wall Street mixedA mixed session on Wall Street is likely to send Australian stocks lower, while the Australian Bureau of Statistics is set to release the third-quarter GDP data at 11:30am AEDT.
Fonte: abcnews - 🏆 5. / 83 Leggi di più »

Live updates: Australian share market to rise as Wall Street ends flat, gold jumps on demandThe Australian sharemarket is set to open higher despite a mediocre session on Wall Street, while uncertainties around President-elect Donald Trump's policies lift gold prices. Follow the latest updates in our live blog.
Fonte: abcnews - 🏆 5. / 83 Leggi di più »

Wall Street Rebounds, But Australian Market Expected to Open LowerDespite a rally led by tech giants on Wall Street, the Australian sharemarket is anticipated to weaken at the open. US stocks recovered from a dip triggered by disappointing consumer confidence data, with Tesla and Nvidia pushing the “Magnificent Seven” megacaps higher. However, trading volume was low, and concerns persist about the economic outlook.
Fonte: smh - 🏆 6. / 80 Leggi di più »