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Summary
The ASX 200 on Wednesday opened marginally higher, up just 6.80 points to 6983.70.
Buoyed by tech stocks, US stocks Tuesday closed at record highs, even as bond yields softened after the US inflation was seen not to be rising sharply in March’s consumer price data.
- Gold prices rose on Tuesday.
The ASX 200 on Wednesday opened marginally higher, up just 6.80 points to 6983.70, after US stocks closed at record highs, buoyed by tech stocks, as bond yields softened after the US inflation was seen not to be rising sharply in March’s consumer price data. While Dow Jones fell 68.13 points, or 0.2%, to 33677.27, the S&P 500 inched up 13.60 points, or 0.3%, to 4141.59. The technology-heavy NASDAQ Composite jumped 146.10 points, or 1.1%, to 13996.10.
Source: © Ymgerman | Megapixl.com
Gainers and losers
Among the top gainers were Resolute Mining (ASX:RSG), Perseus Mining (ASX:PRU), Ramelius Resources (ASX:RMS), Silver Lake Resources (ASX:SLR) and Wistetech Global (ASX:WTC). The top laggards were Domino’s Pizza Enterprises (ASX:DMP) and Credit Corp Group (ASX:CCP).
Sectoral movement
Information Technology, Real Estate, and Utilities lifted the benchmark equity index. Energy, Banks, Financials, and Industrials were trading down.
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Bond yields dip
The 10-year Australian bond yield fell by 2.85% to 1.702. Benchmark 10-year notes fell 5.6 basis points to yield 1.6198%, well below a 14-month high of 1.776%, hit on 30 March.
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Australian dollar slips
The Australian dollar was trading down 0.02% to 0.7646. The dollar index fell 0.29%, while the euro was up 0.33%. The Japanese Yen strengthened 0.31% versus the greenback at 109.05 per dollar.
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Gold prices rise
Gold prices reversed from the lowest level in more than a week. The U.S. gold futures settled higher by 0.9%, at US$1,747.6 an ounce.
Source: © Sadeq68 | Megapixl.com
Crude oil prices rise
Brent crude futures inched up 39 cents to settle at US$63.67 a barrel. The WTI crude futures settled 48 cents higher at US$60.18 a barrel.
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Bitcoin rallies
Bitcoin hit a record of $63,769, taking its 2021 rally to new heights a day before the listing of Coinbase shares in the United States.
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