Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Australian shares inch higher on tech gains; U.S. inflation data eyed

06/09/2021 | 09:15pm EDT

June 10 (Reuters) - Australian shares edged higher on Thursday, helped by firmer technology and healthcare stocks, with the focus turning to U.S. inflation data due this week that could impact monetary policies globally.

The benchmark ASX 200 index rose 0.2% to 7,284.8 by 0041 GMT.

In other markets, Wall Street ended lower overnight, Japan's Nikkei rose 0.3%, and the S&P 500 E-minis futures were up or 0.1%.

Australia's central bank said on Wednesday inflation is unlikely to meet its target range until 2024 at the earliest.

The easing in expectations of a sharp jump in inflation boosted technology stocks. Its sub-index rose 1.2%, with top gainer Altium Ltd gaining 2.7%. Index heavyweight Afterpay Ltd added 0.5%.

Healthcare stocks led the gains on the benchmark, rising 1.6% to their highest since December last year.

Biotech major CSL Ltd advanced about 1.6% to be one of the best performers on the sub-index.

The gold index gained 0.6% even as bullion prices were slightly lower. Gold miners Newscrest Mining and Nortern Star rose 0.4%-1%.

Capping gains, however, were energy stocks as they led losses on the benchmark by slipping 0.8%. The subindex as set for its worst session since May 31. Oil and gas producers Woodside Petroleum and Santos Ltd fell 0.6% and 1.4%, respectively.

Miners also eased, with majors Rio Tinto, BHP Group and Fortescue Metals declining around 1% each.

Shipbuilder Austal Ltd lost 3.5% to be the worst performer on the bourse as regulator ASIC commenced civil penalty proceedings against it on failure of disclosures.

Across the Tasman sea, New Zealand's benchmark NZX 50 index traded up 0.2% to 12,584.8. (Reporting by Yamini C S in Bengaluru; editing by Uttaresh.V)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
AFTERPAY LIMITED -0.92% 126.67 End-of-day quote.7.35%
ALTIUM LIMITED 1.04% 34.85 End-of-day quote.2.53%
AUSTAL LIMITED -1.36% 2.18 End-of-day quote.-18.35%
BHP GROUP 2.08% 54.06 End-of-day quote.27.41%
CSL LIMITED -0.69% 292.28 End-of-day quote.3.21%
FORTESCUE METALS GROUP LIMITED 0.37% 24.09 End-of-day quote.2.82%
NEWCREST MINING LIMITED 0.76% 26.68 End-of-day quote.3.49%
NORTHERN STAR RESOURCES LIMITED 0.98% 10.35 End-of-day quote.-18.44%
SANTOS LIMITED 0.62% 6.46 End-of-day quote.3.03%
WOODSIDE PETROLEUM LTD 1.01% 22.04 End-of-day quote.-3.08%
Latest news "Economy & Forex"
05:27pREADOUT : Deputy Secretary of the Treasury Wally Adeyemo's Meeting with the Board of Directors of the National Bankers Association
PU
05:26pFinancials Down With Treasury Yields -- Financials Roundup
DJ
05:23pConsumer Cos Down After Weak ADP Jobs Report -- Consumer Roundup
DJ
05:20pUber losses widen as driver incentives rise along with trips
RE
05:16pUkraine court returns to state ownership tycoon's stake in titanium plant
RE
05:14pWilliams Companies to provide services for Whale deepwater project
RE
05:06pGuyana receives 15 bids from companies aiming to market govt crude
RE
05:03pAlbemarle quarterly profit jumps on rising lithium demand
RE
05:01pWall Street closes mixed, S&P 500 ends off record high
RE
05:00pUber losses widen as driver incentives rise along with trips
RE
Latest news "Economy & Forex"