ASX closes above 6500 in late rally

as softer US company earnings and a slowing Chinese economy threaten to end the market rally. All three major indices on Wall Street broke records on Friday, with the S&P 500 ending above 3000 for the.

 · 1. Western Areas (WSA:ASX) Nickel’s sharp price rally in July had the bulls proclaiming the base metal’s long overdue rally – based on its exposure to the electric-vehicle (EV) boom – had arrived. I.

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Hong Kong’s Hang Seng index was almost unchanged at 30,120.40 while the S&P ASX 200 in Australia. On Wall Street, stocks closed slightly higher Tuesday, erasing modest losses from the day before.

Gillham said: “The last time the All ordinaries index traded above 6,500 points was over 11 years ago on 17 December 2007, which was the start of the decline into the GFC. “For the market to rise both the material and financial sectors need to move together which have they done in recent weeks.

Triangle home sales rise 10 percent in July In Palm Beach, closed sales totaled 1,509 in July, marking a 1.6 percent decrease compared to the previous year. luxury home sales fell more dramatically – by 10.5 percent – compared. Prices are.

Australian shares are poised to open higher, bolstered by a tech rally on Wall Street which saw Atlassian rise to a record. ASX futures were up 18 points. Friday marked the first close above 2800.

 · At the closing bell the S&P/ASX 200 index closed 0.7 per cent or 38 points lower. Over the week we lost 2.5 per cent/134 points, finishing at 5,468..

That is all from us today. Thank you for your time and your comments. We will be back tomorrow morning. The S&P/ASX 200 fell lower in the morning and then started rising in the early afternoon after.

Soothing comments on trade by the Chinese Commerce Ministry late yesterday in Asia saw wall street stocks. south Korea is expected to remain unchanged at 1.50% at 0900 SGT, but it will be a.

The S&P/ASX 200 is above 5700 levels and all ordinaries above the 5700 as well, to a new one month long high after the trade talks continued. In the day’s rally few of the stocks came under discussion, let’s take a quick look at them.

Citi’s Australian equity strategist, Tony Brennan, yesterday increased his year-end forecast for the S&P/ASX 200 to 6500 points, more than 5 per cent above yesterday’s closing level. amid a global.

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