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- The S&P/ASX 200 closed higher on Thursday (11 August 2022), gaining 1.12% to 7,071.00.
- The benchmark index has gained 1.38% in last five trading days but is down 5.02% on year-to-date basis.
- Out of eleven, ten sectors ended in green today.
- Consumer Discretionary was the best performing sector, ending 2.01% higher, while Utilities went down 1.65%.
The S&P/ASX 200 closed on a positive note today (August 11), gaining 1.12% to end at 7,071.00. The Australian share market registered the considerable gain of 78.30 points today after taking cues from the Wall Street. US share markets as well as Asian markets closed higher in their last respective sessions.
Key pointers from ASX close today
Australia 10-year bond yield stands at 3.314% at 3:33 PM AEST.
In global markets:
Wall Street hailed the drop in inflation figures out on Wednesday. The consumer price index rose 8.5% in July from the July month of last year. On monthly basis, the consumer price index was flat after gaining for 25 straight months.
Federation Reserve has upped the interest rates in both June and July and will be holding a meeting again in September for announcing a further raise.
US stocks marked a straight, strong rally on Wednesday (August 10) soaring towards the close that also featured Nasdaq Composite Index going back to the bullish zone.
On Wednesday, the S&P 500 went up 2.13% to close at 4,210.24; the Nasdaq Composite gained 2.89% to end at 12,854.81; the Dow Jones Industrial Average gained 1.63% to 33,309.51.
In Commodities markets:
Oil prices dropped in Asia on Thursday as the supply woes start fading away.
Meanwhile, Crude Oil WTI was spotted at US$91.61/bbl at 1:31 PM AEST while Brent Oil was at US$97.12/bbl at 1:32 PM AEST.
Gold was at US$1,800.40 an ounce at 1:32 PM AEST.
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