Sign up to create alerts for Instruments,
Economic Events and content by followed authors
Free Sign Up Already have an account? Sign In
Quotes
All Instrument Types
- All Instrument Types
- Indices
- Equities
- ETFs
- Funds
- Commodities
- Currencies
- Crypto
- Bonds
- Certificates
Please try another search
💎 Reveal Undervalued Stocks Hiding in Any Market Get Started
ASX 200 trades near 9-month highs, Fortescue lifts after production update
© Reuters
By Oliver Gray
Investing.com - The S&P/ASX 200 added 27.2 points or 0.4% to 7,495.5 after the first 90 minutes of Friday’s trade, recouping losses of 0.3% in the previous session as investors returned to trade after a public holiday yesterday, tracking gains in U.S. equities overnight ahead of upcoming PPI data.
ASX 200 Futures were pointing 0.3% lower.
Among stocks, Information Technology led the gains, lifting 1.8% as Block Inc (ASX:SQ2) gained 1.2%, Appen Ltd (ASX:APX) lifted 0.8%, Megaport Ltd (ASX:MP1) gained 3.8% and Novonix Ltd (ASX:NVX) added 3.6%.
Materials sector lifted following a solid production update from major miner Fortescue Metals Group Ltd (ASX:FMG), which added 1.3%, while Rio Tinto Ltd (ASX:RIO) added 0.9%, BHP Group Ltd (ASX:BHP) gained 1.2% and Champion Iron Ltd (ASX:CIA) added 1.4%.
Financials gained 0.7% as Macquarie Group Ltd (ASX:MQG) gained 0.7%, ANZ Group Holdings Ltd (ASX:ANZ) lifted 0.8%, Commonwealth Bank Of Australia (ASX:CBA) added 0.6%, National Australia Bank Ltd (ASX:NAB) gained 0.8% and Westpac Banking Corp (ASX:WBC) lifted 0.6%.
Coming up in the session, traders will be monitoring fresh producer price index data to gauge inflation pressures following a higher than expected CPI reading earlier in the week.
On the bond markets, Australia 10-Year rates were at 3.566% while United States 10-Year yields were at 3.506%.
In New Zealand, the NZX 50 added 0.3% to 12,053.2.
Related Articles
Add Chart to Comment
Confirm Block
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
Report this comment
I feel that this comment is:
Comment flagged
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.