Tuesday, June 6, 2023
Forex Broker News
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    www.vastwealth.io

    Revisión de VastWealth -español

    XTB HOMEPAGE

    XTB Review

    Sollari forex broker review

    Sollari Review

    vastwealth.io

    VastWealth Review

    stockscale .io

    Stockscale Review

    stockhome home page

    StockHome.io Review

    LegacyFX Review

    LegacyFX Review

    crypto dock, Crypto-dock, cryptodock

    Crypto Dock Review

    City Index Review

    City Index Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
  • Home
  • Forex Broker Reviews
    • All
    • Preferred Brokers
    • Regulated Brokers
    • Unregulated Brokers
    www.vastwealth.io

    Revisión de VastWealth -español

    XTB HOMEPAGE

    XTB Review

    Sollari forex broker review

    Sollari Review

    vastwealth.io

    VastWealth Review

    stockscale .io

    Stockscale Review

    stockhome home page

    StockHome.io Review

    LegacyFX Review

    LegacyFX Review

    crypto dock, Crypto-dock, cryptodock

    Crypto Dock Review

    City Index Review

    City Index Review

  • Broker Types
  • Forex & Fintech Jobs
  • News
No Result
View All Result
Forex Broker News
No Result
View All Result
Home News Forex Broker News fpmarkets

Australian market expected to open flat 20/09/19

OPENING CALL: The Australian share market is expected to open flat. The SPI200 futures contract expected to open up 9 points.

 

The global economy is set to grow at the slowest pace since the financial crisis, with business investment and trade hampered by an escalating dispute between the U.S. and China, the OECD said.  

 

 

Amazon.com plans to buy 100,000 electric delivery trucks as it seeks to reduce its carbon emissions in the face of criticism of its environmental impact.  

ADVERTISEMENT

 

 

 

Overnight Summary

 

Market Quotes by TradingView

 

Each Market in Focus

 

 
Australian Market

Broad gains outside the resources space buoyed Australia’s stock benchmark, carrying it to a fresh seven-week closing high.  
Sentiment was bolstered by a slight lift in unemployment that heightens the prospect that the central bank will again cut rates.  

The S&P/ASX 200 settled 0.5% higher at 6717.5, and is now up in nine of the last 11 sessions. Telecom and utilities companies led, as only the materials and energy subindexes in retreat.  

US Market
 
U.S. stocks ticked higher intraday as gains in shares of health-care, materials and technology companies put the S&P 500 within striking distance of its closing high.  
 
The broad stock market index rose 0.2% to 3013, putting it within 0.4% of July’s record of 3025.86. The Dow Jones Industrial Average added 36 points, or 0.1%, and the technology-heavy Nasdaq Composite climbed 0.3%.   
As investors continued to assess the Federal Reserve’s latest outlook on future interest-rate cuts, trade talks between representatives from the U.S. and China were scheduled to start in Washington ahead of high-level discussions in October.  
 
Health-care and material stocks led the broader S&P 500 higher, with the sectors adding 0.8% and 0.6%, respectively. Tech stocks gained 0.4%.  
 
Commodities
 
Gold prices ended lower, marking their first loss in four sessions, a day after the Federal Reserve delivered a widely expected interest rate cut but left traders uncertain on the outlook for further monetary easing.
Fed policy makers on Wednesday afternoon cut the Fed’s benchmark rate by a quarter of a point, but the move saw three dissents – with two officials urging rates to remain unchanged and one calling for a larger cut.  
Gold for December delivery on Comex fell $9.60, or 0.6%, to settle at $1,506.20 an ounce, while December silver lost 3.5 cents, or 0.2%, to $17.884 an ounce.   
 
Oil Futures
 
Oil futures rose, but U.S. prices gave up nearly all of their earlier gains by the settlement.  
Prices found support as Saudi Arabia reportedly contacted foreign producers to help fill holes in its supply chain following last weekend’s attacks on the country’s production facilities.  
However, news of storm disruptions to refining activity in Texas suggested a slowdown in demand for crude, prompting U.S. prices to give up nearly all of the day’s gains. The Sabine Ship Channel, a major Southeast Texas waterway for transporting cargo, was closed early in the day because of flooding from Tropical Storm Imelda, according to global shipping provider GAC.  
October West Texas Intermediate oil rose 2 cents to settle at $58.13 a barrel on the New York Mercantile Exchange. October gasoline, meanwhile, added 4.3 cents, or 2.6%, to settle at $1.7007 a gallon.  
 
 
Forex
 
The WSJ Dollar Index, which measures the U.S. currency against 16 others, recently declined 0.1% to a recent 91.30 as investors bet that the Fed’s rate cuts would sustain the expansion in the U.S. economy, analysts said.  
Federal-funds futures, which investors use to bet on the direction of central bank policy, show roughly 2-in-3 odds that the central bank will cut interest rates at least once more before the end of the year, according to CME Group data.  
 
 
European Markets
 
European shares close higher as worries about oil supplies ease and the Federal Reserve’s interest-rate cut boosts the market mood.  
The Stoxx Europe 600 gained 0.6% to 391.80 while the FTSE 100 rose 0.6%, the DAX was up 0.5% and the CAC-40 advanced 0.7%.  
  Meanwhile, European banks rise after a weak take-up of the European Central Bank’s latest round of TLTRO funding support, easing fears about potential problems facing the sector.  
 
Asian Markets

In Asia, the Shanghai Composite rose 0.5%, Japan’s Nikkei 225 gained 0.4%, and Hong Kong’s Hang Seng was an outlier, with a 1.1% drop.  

Japanese stocks closed at their highest level in nearly five months after the Bank of Japan stood pat on its policy but kept easing expectations intact. Any policy-related comments from BOJ officials will be watched closely in the coming days. The Nikkei Stock Average rose to 22044.45, the highest close since April 26.  

South Korea’s benchmark Kospi closed 0.5% higher at 2080.35, capping a 10-session winning streak, as technology shares rallied. Fed Chairman Jerome Powell’s post meeting comments signalling more policy easing after cutting its policy interest rate, as well as renewed hopes for a U.S.-China trade deal, are buoying sentiment, said NH Investment & Securities analyst Noh Dong-kil.  

Malaysian stocks ended lower, though they climbed higher in afternoon trade. The Kuala Lumpur Composite Index closed 0.2% lower at 1596.28. Market breadth was negative, with losers beating gainers 464 to 362.  
Singapore shares edged lower, as investors grappled with the lack of clarity on further rate cuts by the Fed. The FTSE Straits Times Index closed 0.3% lower at 3158.80, weighed down by banks.  
DBS Group eased 0.1%, United Overseas Bank fell 0.8% and Oversea-Chinese Banking And Indian stocks closed lower with the benchmark Sensex down 1.3% at 36093.47.
Financial stocks were among the biggest losers following the overnight rate cut by the Fed.  

The post Australian market expected to open flat 20/09/19 appeared first on FP Markets.

Share197Tweet123ShareSend

Related Posts

fpmarkets

Customer Relationship Officer – Polish

November 26, 2022
fpmarkets

China – Marketing Manager

November 18, 2022
fpmarkets

Iress Clients Margin Changes

November 9, 2022
fpmarkets

Customer Relationship Officer – Vietnamese

November 8, 2022
fpmarkets

Australian market expected to open lower 31/12/19

November 5, 2022
fpmarkets

Australian market expected to open lower 30/12/19

November 5, 2022

Select one of the Best Forex Brokers for your Trading  |  Read the Reviews

Revisión de VastWealth -español

XTB Review

Sollari Review

VastWealth Review

Stockscale Review

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 65-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. forexbroker.news is an affiliated partner with various Forex brokers and may be compensated for referred Forex traders.

Risk Disclosure: Forexbroker.news assumes no liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and forex signals. Operations in the international foreign exchange market contain high levels of risk. Forex trading may not be suitable for all investors. speculating only the money you can afford to lose. Forexbroker.news remind you that the data contained in this website is not necessarily real-time and may not be accurate. All stock prices, indexes, futures are indicative and not appropriate for trading. Thus, Forexbroker.news assumes no responsibility for any trading losses you might incur as a result of using this data.You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Disclaimer: It is our organization's primary mission to provide reviews, commentary, and analysis that are unbiased and objective. While ForexBroker.News has some data verified by industry participants, it can vary from time to time. Operating as an online business, this site may be compensated through third party advertisers. Our receipt of such compensation shall not be construed as an endorsement or recommendation by ForexBroker.News, nor shall it bias our reviews, analysis, and opinions.

  • Privacy Policy
  • Contact US
  • Terms of use,

Copyright © 2020 forexbroker.news

No Result
View All Result
  • Home
  • Forex Broker Reviews
  • Broker Types
  • Forex & Fintech Jobs
  • News

© 2020 https://forexbroker.news - Forex Broker news & magazine