ASX 200 opens higher; how will market move through the day? | AU Market Update

  • February 25, 2021 03:50 PM AEDT
  • Team Kalkine
    Team Kalkine
    Team Kalkine
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    Team Kalkine comprises of experts who understand various markets nuances and are enthusiastic and passionate to provide best possible offerings in the form of insights and stories. The team has rich experience of working across different markets with...

The ASX 200 on Thursday opened up 15.30 points or 0.23 per cent to 6793.10 after US stocks closed higher on hopes of a faster economic recovery. The market sentiment also improved after Federal Reserve Chairman Jerome Powell’s reassurances before a Senate committee to keep an easy monetary policy to boost growth.

Gainers and losers Nine Entertainment (up 9.74 per cent) and IDP Education Ltd (up 7.20 per cent) were among the top gainers in the opening trade on the ASX 200. The laggards were Appen Ltd and Eagers Automotive Ltd, down 12.05 per cent and 7.30 per cent, respectively. ASX 200’s journey in the last five days.

While Metals & Mining was up 1.036 per cent, Consumer Staples was down 0.818 per cent. Australian Dollar, Bonds, Oil and Bitcoin AUD/USD is trading up 0.69 per cent to 0.7962. WTI Crude Oil (Futures) hit a new 52 week high of US$63.34 a barrel and last traded 2.92 per cent up at US$63.47 per barrel. Weakness in the US dollar is also boosting the price of crude oil. The Australian government’s 10-year bond yields stood at 1.680, up 4.87 per cent. Bitcoin was trading up 0.40 per cent to US$48,892.90.

 


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