ASX to dip slightly ahead of GDP data

ASX to dip slightly ahead of GDP data

The Australian share market is expected to dip slightly, ahead of a big week of local economic data. The futures market suggests the benchmark S&P/ASX200 will fall 24 points at the start of trade on Monday. It comes after it closed on Friday down 95.4 points, or...
ASX to dip slightly ahead of GDP data

S&P 500, Dow dip on mixed retail data

The S&P 500 and Dow Jones indexes have eased, handing back some gains from a strong rally in the previous session, as investors digest a mixed set of quarterly results from retailers including Home Depot and Walmart. Home improvement chain Home Depot fell 1.9 per...
ASX to dip slightly ahead of GDP data

Gold jumps 2% after more jobless data

Gold jumped 2 per cent overnight after a string of weak economic data, including surging unemployment in the United States, heightened fears over a coronovirus-induced global downturn, while investors turned their attention to nonfarm payrolls for further cues. Spot...
ASX to dip slightly ahead of GDP data

Metals tumble on Trump threats, dire data

US President Donald Trump’s threat of new tariffs on China and bleak economic data has forced the price of copper and other base metals down. Benchmark copper on the London Metal Exchange (LME) was down 1.6 per cent at $US5,108 a tonne on Friday and on track for...
ASX to dip slightly ahead of GDP data

Copper dips on China factory data

Copper prices eased overnight as a survey showed factory activity in its top consumer – China – unexpectedly shrunk, but hopes for higher metals demand curbed price falls. Lingering fears for a long recovery ahead for China pulled benchmark copper on the...