aussie stocks higher traders await boj
Thursday 17 July 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Aussie stocks higher, traders await BoJ

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleAussie stocks higher, traders await BoJ

Aussie stocks
Sydney - XINHUA

 Aussie stocks are pricing in positive offshore leads, however the gains aren't as much as what was expected with traders awaiting new developments.

At 1010 AEST on Thursday, the benchmark S&P/ASX200 index was up 36.7 points, or 0.71 per cent, at 5,224.4, while the broader All Ordinaries index was up 36.9 points, or 0.70 per cent, at 5,287.8.

IG chief market strategist Chris Weston told Xinhua there had been a "technical destruction" to the market's psyche following the negativity from weaker than expected local inflation data.

"(There's) enough reasons to see this market not doing perhaps as well as we'd hoped it to do, but it's still up and that's just pricing in some of the strengths and positivity we saw offshore," Weston said.

Managers aren't keen to put large swathes of money to work given the investment picture hasn't change, the Bank of Japan (BoJ) could "throw a spanner in the works" if it holds rates during the session and the negative sentiment, Weston said.

"It's pretty clear, traders don't want to push this market any lower, but we're missing that spark to take us higher," Weston said, adding there could be life following the BoJ meeting.

"We're stuck in limbo, in no man's land... which given the good run is quite a good thing, as that's what you want to see before another run higher, or potentially a move lower, " said Weston.

ANZ is up 0.75 percent, the Commonwealth Bank of Australia edged 0.16 percent higher, the National Australia Bank rose 0.69 percent and Westpac had risen 0.10 percent.

BHP Billiton bounced 3.33 percent, rival Rio Tinto gained 2.23 percent and gold miner Newcrest lifted 0.82 percent.

Oil Search climbed 0.87 percent, Santos rallied 2.09 percent and Woodside Petroleum is 1.97 percent stronger.

Wesfarmers is up 0.24 percent while Woolworths lifted 1.27 percent.

Qantas fell 1.95 percent and Telstra is 0.37 percent weaker.

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

aussie stocks higher traders await boj aussie stocks higher traders await boj

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 08:26 2018 Tuesday ,23 January

Five things to know about Davos

GMT 15:44 2017 Saturday ,15 April

Yemeni women live tragic situations

GMT 10:53 2017 Wednesday ,27 September

Fadl Shaker change residency after threats

GMT 15:43 2012 Saturday ,07 January

Heart Of Darkness

GMT 05:54 2016 Saturday ,10 December

ICD deal to boost Azerbaijan investment push

GMT 11:20 2017 Tuesday ,05 December

Prodigal son: Saleh Saudi overture tips Yemen balance

GMT 15:18 2012 Tuesday ,04 September

Michael Strahan named \'Live!\' co-host

GMT 07:51 2017 Friday ,10 February

Iraq's 'cycling girls' ride for freedom

GMT 13:28 2011 Friday ,04 November

2012 Toyota Tacoma
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle