Australian shares are trading higher midday, with the ASX benchmark index up about 1.2%. Multiple outlets report the move is on track to mark the market’s best session in weeks, with at least one source describing it as the best day in three weeks. Gains are partly attributed to strength among goldminers, as the price of gold rises. One report also links the broader market improvement to international economic developments, pointing to lacklustre US employment data as a factor contributing to investor sentiment. Overall, the accounts describe a market that is broadly supported by resources—specifically gold-related companies—rather than a single stock driving the session. The reporting is consistent that the index is higher by around 1.2% at midday and that gold price strength and goldminer performance are key contributors, while external data such as US jobs figures also play a role in the day’s direction.
Australian shares rise 1.2% midday, best day in weeks on gold gains
Australian shares are trading higher midday, with the ASX benchmark index up about 1.2%. Multiple outlets report the move is on track to mark the market’s best session in weeks, with at least one sour...
- The ASX benchmark index is up about 1.2% at midday.
- Australian shares are tracking their best day in weeks (reported as best in three weeks by one outlet).
- Goldminers gain strongly during the session.
- The gold price rise is cited as a driver of goldminer strength.
- At least one outlet links the rally in part to weaker-than-expected US employment data.
The Australian share market has enjoyed its best day in three weeks, thanks in part to strong gains by goldminers following lacklustre US employment data.
3 months agoThe Australian share market's benchmark index was 1.2 per cent higher at midday, propelled in part by strong gains by goldminers as the precious metal rose.
3 months agoThe Australian share market's benchmark index was 1.2 per cent higher at midday, propelled in part by strong gains by goldminers as the precious metal rose.
3 months agoThe Australian share market's benchmark index was 1.2 per cent higher at midday, propelled in part by strong gains by goldminers as the precious metal rose.
3 months ago
British Airways upgrades A380s for a record-sized business class section
British Airways is upgrading its Airbus A380 aircraft with a revamped onboard cabin, including a substantially enlarged...
Spotify renews Joe Rogan Experience licensing deal, reported at about $250 million
Spotify renews its multiyear licensing agreement with podcaster Joe Rogan for “The Joe Rogan Experience,” extending a pa...
Wall Street edges toward record week as oil volatility and Treasury yields sway stocks
U.S. stocks trade around recent record levels as the S&P 500 and Nasdaq fluctuate and the Dow makes modest gains and ret...