Australian Market Notably Lower
Giving up the gains in the previous session, the Australian stock market is notably lower on Friday, following the broadly negative cues from Wall Street overnight.
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Giving up the gains in the previous session, the Australian stock market is notably lower on Friday, following the broadly negative cues from Wall Street overnight.
The Australian market is notably higher on Thursday, recouping the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 moved above the 7,000 mark, with gains in mining and financial stocks.
Reflecting the mixed cues from Wall Street overnight, Asian stock markets are also trading mixed on Thursday, as traders reacted to Chinese data showing producer prices declined for the 13th straight month and consumer prices were down more than expected in October.
Northern Star Resources (ASX: NST) is benefiting from global inflationary pressures, wars, and economic uncertainty, pushed higher by central bank buying.
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