Breaking News
0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Australian Shares Hit Fresh Records in Early Trade

Stock MarketsAug 02, 2021 11:04
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Oliver Gray

Investing.com - The ASX 200 lifted 91.5 points or 1.24% to 7484.1 on Monday, surging to fresh record high valuations following gains of 1.41% through the month of July as market participants cheered strong corporate earnings from miners, while Afterpay Touch Group Ltd (ASX:APT) soared in early deals after U.S. fintech firm Square (NYSE:SQ) moved to acquire the BNPL firm in an A$39 billion deal.  Jack Dorsey, Co-Founder and CEO of Square, noted that “Square and Afterpay have a shared purpose. We built our business to make the financial system more fair, accessible, and inclusive, and Afterpay has built a trusted brand aligned with those principles,” Afterpay was last up 23.03%.

Meantime, Australia’s domestic coronavirus situation continues to worsen as New South Wales recorded a record number of infections over the weekend as millions remain in extended lockdown, while Queensland reported 13 fresh cases today amid a rapidly escalating outbreak, with health authorities extending current lockdown restrictions until Sunday and urging residents to get tested and vaccinated.

Investors will also be monitoring the Reserve Bank of Australia’s interest rate decision on Tuesday. While policymakers are expected to keep current setting unchanged, a further trimming of bond purchases may be delayed as the coronavirus Delta variant threatens prospects of economic growth.

In New Zealand, the NZX 50 added 60.23 points or 0.48% to 12654.75.

Australian Shares Hit Fresh Records in Early Trade
 

Related Articles

ASX 200 Lifts to Fresh 5-Week Highs
ASX 200 Lifts to Fresh 5-Week Highs By Investing.com - Oct 20, 2021

By Oliver Gray Investing.com - The ASX 200 gained 68.90 points or 0.93% to 7,443.80 on Wednesday, extending to fresh 5-week highs, tracking a positive close on Wall Street helped...

U.S. Stock Futures Steady Near Record Highs
U.S. Stock Futures Steady Near Record Highs By Investing.com - Oct 20, 2021

By Oliver Gray Investing.com - U.S. stock index futures traded steady in early APAC deals on Wednesday, with major benchmark indices trading near record high valuations, while the...

Add a Comment

Comment Guidelines

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: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
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
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email