Australian market rises, trade stops

(RTTNews) – Australia’s inventory market rose more than 1% on Monday after Wall Street earnings on Friday. Investors also reacted definitively to Australia’s announcement of the signing of the Regional Comprehensive Economic Association of 15 countries, or RCEP, the world’s largest flexible industrial block. including East Asian powers China, Japan and South Korea.

However, the place of the inventory market stopped trading on the morning overdue, which created problems of knowledge of the market site.

The Australian Stock Exchange said it had suspended trading on stock markets while investigating market knowledge factors. The stock market operator apologized for the interruption and said it was resorting to the factor as temporarily as possible.

Reference index S

Oil inventories were higher even when crude oil costs fell on Friday: Oil Search increased by nearly 3%, Santos by almost 2% and Woodside Petroleum by more than 1%.

Among the 4 major banks, Commonwealth Bank, National Australia Bank and Westpac rankd first in diversity from 1. 4% to 1. 9%, while ANZ Banking gained nearly 3%.

Meanwhile, gold miners combined after gold costs rose on Friday. Evolution Mining rose 0. 3%, while Newcrest Mining fell by 0. 1%.

On Wall Street, stocks closed sharply upwards on Friday, partly reflecting a positive reaction to news about the profits of primary corporations like Cisco and Disney. Markets also gave the impression of gaining advantages from the announcement that President Donald Trump’s crusade continued to suffer. setbacks in their efforts to oppose the final results of the presidential election, eliminating some of the persistent uncertainty about the final results. Traders also continued to express optimism about a possible coronavirus vaccine, even as new cases in the United States reached a new record.

Major European markets published combined functionality on Friday: while the UK’s FTSE 100% index fell by 0. 4%, the German DAX index and the French CAC 40 index rose by 0. 2% and 0. 3%, respectively.

Crude oil futures fell sharply on Friday, due to considerations of oversupply and weak energy demand due to emerging cases of coronavirus worldwide. WTI crude for delivery in December fell $0. 99, or about 2. 4%, to $40. 13 a barrel.

Leave a Comment

Your email address will not be published. Required fields are marked *