Afternoon update:ASX up 0.7% as Healthcare leads

23Jan

Afternoon update:ASX up 0.7% as Healthcare leads

 

The S&P/ASX 200 index is currently up by 0.7% by mid-afternoon, with healthcare stocks leading the charge, gaining 1.28%.

On Wall Street, stocks are seeing slight gains, with the S&P 500 up by 0.2% and the Nasdaq 100 by 0.3%.

In commodities, Brent crude has surpassed $80 per barrel, while iron ore and gold prices are declining. The materials sector is defying this trend with a 0.7% gain.

Looking ahead, central bank meetings, including the Bank of Japan's today and the Bank of Canada's on Thursday, are in focus for potential policy changes. Investors are particularly interested in any adjustments to yield curve control by the Bank of Japan and its stance on wage settlements, impacting interest rates.

In stock news, Karoon Energy is down by 3%, revising down its Brazil production guidance for 2024. Coronado Global Resources is up 4.3% on higher coal production, while IDP Education shares are dropping by 6.8% due to changes in Canada's international student intake policies. Viva Energy is down 0.3% despite challenges in regional refining margins and elevated crude premia, booking a gross refinery margin of $US8.8 per barrel for the December quarter.
Copyright 2024 – Finance News Network


Source: Finance News Network

Share this post

Related Posts

07Apr

Tech leads Wall St fall again, ASX, Mineral Resources, Ardent, Virtus Health, Telstra: ASX to drop

07 Apr 2022 - Global markets fell as hawkish comments from US Fed Vice Chair Lael Brainard kicked off the week with the minutes from the Fed providing more colour on the balance sheet run-off. The US and UK imposed further sanctions on Russia after the revelation of its war crimes. Deep dive the respite in oil prices and ASX Wed wrap.

Read More
10Sep

Australian Outward Foreign Affiliates Trade (AOFAT) release economic activity report: Aus shares close 0.5% higher

10 Sep 2020 - The Australian share market opened higher this morning and closed 0.5 per cent up at the end of trade. According to the Australian Bureau of Statistics, there were 275 Australian parent enterprises with a controlling interest in 5,176 Australian owned foreign affiliates in 2018-19.

Read More
04Nov

US jobs numbers boost Wall Street: Aus shares to open higher

04 Nov 2019 - The local sharemarket is poised to open higher following strong leads from Wall Street on Friday. In the US stocks rose sharply as investor sentiment got a boost from much stronger-than-expected U.S. jobs data. The Murray Goulburn Co-op (ASX:MGC) has reached an agreement to settle a class action which commenced in May 2016.

Read More
21Jul

The Morrison government to keep JobKeeper til March: ASX tracking 1.2% higher at noon

21 Jul 2020 - The ASX rallied on the news the government will extend its Jobkeeper allowance until at the end of September to $1200 a fortnight for full-time workers and to $750 for part-time workers, down from the current single rate of $1500. The scheme is being extended until March 28 next year. The local bourse is tracking 1.2 per cent higher at noon.

Read More
09Jun

Struggles on Wall St as World Bank says 1% inflation hike, Citi says holds NAB as Ords buy Whitehaven: ASX to edge higher

09 Jun 2021 - Today's report covers Wall St's performance amid World Bank’s outlook on global inflation. A wrap up of Tuesday’s local session. An explanation on why NAB (ASX:NAB) is a hold and why Whitehaven Coal (ASX:WHC) is a buy. Consumer confidence results are due while RBA Governor’s online speech is at 9.30am (EST).

Read More
17Feb

US stocks fall on PPI data, lithium deal affects ASX’s Sayona Mining

17 Feb 2023 - Stocks fell Thursday after another hot inflation report, and a decline in jobless claims, showed the economy is holding up amid the Federal Reserve’s rate hikes. The producer price index, an inflation indicator that tracks wholesale prices, rose 0.7% in January, topping a Dow Jones consensus forecast for a 0.4% increase.

Read More
20Apr

Tech & Healthcare weighs on market: Aus shares tracking 0.4% lower

20 Apr 2021 - The ASX’s record-breaking form suffered a setback this morning, dipping in the opening hours of today’s trading session. The Australian tech sector mimicked its Wall Street equivalent and copped big losses. Stocks in healthcare have also contributed to the downward pressure on the broader market. Telcos and Real Estate Investment Trusts are fighting the tide and appear to be the only sectors in the black.

Read More
23Nov

Afternoon update: ASX down 0.62% after OPEC+ postpones meeting

23 Nov 2023 - Today's theme is all about the fall in energy stocks due to the falling price of crude oil. The falling prices are a result of disagreements within OPEC+ causing a delay in their meeting, diminishing prospects of production cuts by the Saudi-led alliance. Concurrently, US data showed an uptick in oil stockpiles.

Read More
18Dec

Australian leading index falls again: ASX tracking 0.1% higher at noon

18 Dec 2019 - The ASX has been on a rollercoaster ride so far this morning. It is now tracking 0.1% higher at noon. Shares in Oil Search (AX:OSH) have risen today after they reported they expect to start early engineering work in Alaska and a rise in resources. Codan (ASX:CDA) have made a good start to the first four months of the year, with Metal Detection and Communications sales exceeding expectations.

Read More
29Aug

Fed Chair rhetoric whacks markets: Water crisis in China

29 Aug 2022 - US stocks plummeted on Friday after Federal Reserve Chair Jerome Powell said in his Jackson Hole speech the Central bank won’t back off in its fight against rapid inflation. Asian and European gas prices hit record highs again on Friday. Drought has been declared across the globe.

Read More