Highlights
- The benchmark index S&P/ASX 200 has started today’s (7 November) trading session on a higher note.
- It is likely that Australian stock market took cues from the US stocks that finished higher on Friday (4 November).
- Materials sector was up 2.7% but Information Technology and Financial sectors registered losses.
Australian equity benchmark S&P/ASX 200 opened higher today (7 November), gaining 25.30 points or 0.37% to 6,917.80 as of 10:50 AM AEST.
Key pointers from the ASX market open today:
- The benchmark S&P/ASX 200 was 0.37% higher at 6,917.80 points at 10:50 AM AEST.
- Capricorn Metals (ASX:CMM) and De Grey Mining (ASX:DEG) were 8.8% and 7.1% higher respectively.
- Coronado Global Resources (ASX:CRN) and Block Inc. (ASX:SQ2) were 7.9% and 5.2% down respectively around the same time.
- Over the last five days, the index has gained 0.79% but is down 7.08% on year-to-date basis.
- Seven out of eleven sectors opened in green.
- Materials was 2.76% higher followed by Consumer Discretionary that was 0.70% up. Financial and Information Technology were 1% down each while Consumer Staples was 0.73% higher at the same time.
- A-REIT was 0.31% lower.
- A-VIX was 1.34% strong, All Ords was 0.37% up.
Global equity Indices
Equities in the US markets closed on a positive note on Friday. The Dow Jones Industrial Average finished 1.26% higher. The S&P 500 finished 1.36% up and the Nasdaq Composite gained 1.28% on Friday.
Commodities
Gold futures were quoted at US$1,676.80 as of 07 November 2022, 11:18 AM AEDT.
As of 7 November 2022, 11:16 AM AEDT, Crude Oil WTI was quoted at US$90.81/bbl and Brent Oil, around the same time, was at US$96.98/bbl.