Page 21 - Resolute Mining News Today

The spike in commodity prices is pushing the Australian stock market modestly higher on Monday, extending the gains in the previous two sessions. The benchmark S&P/ASX 200 is moving to near the 7,000 mark, following the broadly positive cues from global markets on Friday, with gains across most markets, led by in gold miners and energy stocks.

Despite the broadly positive cues from global markets on Friday, Asian stock markets are trading mixed in slim holiday trading on Monday, as traders are cautious amid the geopolitical tensions in the Middle East after Hamas' surprise violent attack on Israel over the weekend.

Extending the gains in the previous session, the Australian stock market is modestly higher on Friday, despite the broadly negative cues from Wall Street overnight.

Despite the broadly negative cues from Wall Street overnight, Asian stock markets are trading mostly higher on Friday, as traders continued to take advantage of the recent slump in the markets as they picked up stocks at reduced levels, even as concerns remain about interest rates and the outlook for global economic growth.

The Australian market is slightly higher on Thursday, recouping some of the losses in the previous two sessions, following the broadly positive cues from Wall Street overnight.

Generally speaking long term investing is the way to go. But along the way some stocks are going to perform badly. To...

Australian shares are losing for the second straight session on Wednesday, with the benchmark S&P/ASX 200 falling below the 6,900 level to fresh six-month lows, following the broadly negative cues from global markets overnight, with weakness across most sectors led by technology and financial stocks.

Asian stock markets mirrored the broadly negative cues from global markets overnight to trade mostly lower at multi-month lows on Wednesday, after better-than-expected US jobs data, strong US dollar and spiking treasury yields continued to raise concerns the US Fed will hold interest rates higher for longer than previously anticipated to tame the stubborn inflation.

Adding to the losses in the previous sessions, the Australian market is sharply lower on Tuesday, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 breached the 7,000 mark to fall to a six-month low, with weakness across global markets amid a strong US dollar and a surge in treasury yields.

(RTTNews) - The strength of the US dollar against major currencies in the region and a surge in treasury yields to its highest level in almost six...