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- The ASX 200 benchmark index ended in green today (August 16), gaining 0.58% to end at 7,105.40 points.
- Over the last five days, the index has gained 1.08%, but is down 4.56% for the last year to date.
- Materials was the best performing sector today, gaining 1.66%.
Australian share market closed on a positive note today (August 16) with the benchmark S&P/ASX 200 gaining 0.58% to end at 7,105.40 points.
Metal and mining giant BHP boosted its full-year earnings by 34%, and shareholders will now receive a record dividend.
The RBA intends to raise its benchmark rate in the coming months, according to the minutes from this month's meeting.
Cobre (ASX:CBE): Cobre Limited has discovered a sizable zone of clearly visible copper mineralisation at its Ngami copper project (NCP) in Botswana.
Meanwhile, shares of Cobre closed trading at AU$0.25 each, up 66.67% on ASX today.
Metgasco (ASX:MEL): As part of its diversification plan, Metgasco plans to pay AU$5.9 million for Patriot Hydrogen, a company that produces hydrogen from garbage.
Meanwhile, shares of Metgasco closed trading at AU$0.024 each, up 4.35% on ASX today.
Horseshoe Metals (ASX:HOR): In the Gawler Craton of South Australia, Horseshoe Metals has begun its first reverse circulation drilling program at the Glenloth Goldfield project.
Meanwhile, shares of Horseshoe closed trading at AU$0.026 each, up 4% on ASX today.
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Data Source- ASX website dated 16 August 2022
Australia’s 10-year Bond Yield stands at 3.25% as of 4.03 PM AEST.
US equities marginally increased, closing Friday(August 12), on a week of gains. Following the decline on Thursday, all major indices ended in green on Friday. The market has generally speculated that the Fed will raise interest rates by 50 basis points at their upcoming meeting as a result of the month-over-month slowdown in inflation.
The S&P 500 rose 1.73 per cent to 4,280.15. The Dow Jones climbed 1.27 per cent to 33761.05. The NASDAQ Composite scaled 2.09 per cent to 13047.19, and the small-cap Russell 2000 gained 2.09 per cent to get to 2016.62.
In Asia, the Asia Dow was up 1.36% and Nikkei in Japan increased marginally 0.0017%, Shanghai Composite in China climbed 0.18% while the Hang Seng in Hong Kong decreased by 0.51% at 4.20 PM AEST.
Crude Oil WTI was spotted trading at US$898.64/bbl while Brent Oil was at US$94.22/bbl at 4.10 PM AEST.
Gold was at US$1781.65 an ounce, copper was at US$3.629/Lbs and iron ore was at US$109.50/T at 4.11 PM AEST.
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