Economy News Shares

The ASX Index Had a Modestly Positive Day Today

Sponsored

The ASX Index Had a Modestly Positive Day Today. It has come down from an all-time high which it hit in  yesterday’s trade. The benchmark S&P/ASX 200 declines under the 7,500 level which it took from Wall Street’s overnight dip. Materials, gold miners, and energy shares put a drag on the market. Traders are still worried somewhat about the spread of the COVID delta variant which is present in New South Wales and elsewhere and its impact on the market.

Reports show that BHP Group is falling slightly down by 0.2%. Also we see that Fortescue Metals is taking a loss of more than 1% as well. Meanwhile, Rio Tinto is falling close to 1%, too. Mineral Resources is declining 0.5 percent and OZ Minerals was down almost three times that today. Oil shares are down as well after crude prices fell in overnight trading. Santos is falling today by 0.% while Woodside Petroleum and Beach energy have lost 0.1% as well.

Today, Commonwealth Bank is neutral in gains and National Australia Bank and Westpac have fallen 0.4%. ANZ Banking Among and Xero are inclined nearly 2% today. Also, Appen has added close to 4% while WiseTech Global added nearly 1%. Afterpay is capitalizing on yesterday’s 18.8% gains in the wake of the Square takeover agreement. It is up nearly 13% in today’s trade.

Gold miners are mostly on the decline or defensive. Evolution Mining is down about 3% today while Northern Star Resources fell about 1%. Gold Road Resources is declined by greater than 1% and Newcrest Mining is at a loss of greater than 1% as well. We observed that Resolute Mining is up today by almost 2%. MetaNews is reporting on new COVID cases and forex fluctuations that have been affecting the markets recently. The ASX Index Had a Modestly Positive Day Today.

Avatar

Billy Houghton

Billy Houghton is a top acclaimed and sought-after commodities futures trading expert. The expertise and in-depth level of analysis that is offered by Billy Houghton is what has managed to put him at the stage of being the top ranked author for MetaNews among multiple different categories. Throughout his career, Billy has specifically spent over three decades on Wall Street fine-tuning his skills, which included over two decades at a trading desk. In more recent times, specifically the last decade, Billy has been researching algorithms of AI in futures trading, and believes they are the future of trading.
Follow Me:

Related Posts