AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
The Australian share market is poised to continue its recovery on Wednesday.
The latest SPI futures indicate that the ASX 200 would open 96 points or 1.4% higher on Wednesday.
On Tuesday, the benchmark index closed 3.75% higher at 6,699.3 points.
After rising nearly 4% on Tuesday, the Australian share market is poised to continue its recovery on Wednesday tracking strong cues from Wall Street. On Tuesday, Reserve Bank of Australia (RBA) surprised the market with a smaller-than-expected quarter-point rate hike.
The latest SPI futures indicate that the ASX 200 would open 96 points or 1.4% higher on Wednesday. On Tuesday, the benchmark index closed 3.75% higher at 6,699.3 points.
Meanwhile, Adbri, Corporate Travel Management, CSL and Kelsian Group are a few companies which are scheduled to pay dividends to their shareholders today.
The US Labour Department on Tuesday revealed that the job openings declined by the most in nearly 2-1/2 years in August, suggesting the labor market may be starting to cool amid rising rates. On Wall Street, the Dow Jones rose 2.8%, the S&P 500 surged 3.06%, and the NASDAQ ended 3.34% higher.
In Europe, the FTSE rose 2.6%, the DAX surged 3.8%, and the CAC ended 4.2% higher. The MSCI world equity index was last up 3.3%.
Bond yields
Global bond yields declined on Tuesday, with those on the benchmark US 10-year Treasury note slipping to 3.631%. The US dollar index was down 1.44% at 110.14.
Oil prices rise
Oil prices continued their upward trajectory on Tuesday on expectations of output cuts from the world's biggest exporters.
- Brent crude rose 3.11% to US$91.62 a barrel.
- WTI crude was up 3.16% at US$86.27 per barrel.
Gold prices surge
Gold hit a three-week high after the US dollar and bond yields eased.
- Spot gold prices rose 1.5% to US$1,724.61 an ounce.
Meanwhile, copper prices rose to their highest in more than a week on Tuesday as a sliding dollar triggered fund buying, though gains were capped by rising inventories and a worsening demand outlook, particularly in top consumer China.
Benchmark copper on the London Metal Exchange (LME) was up 3.1.% at US$7,743. a tonne at 1605 GMT in muted trade owing to Chinese holidays.
