EUR/USD 1.10497
-0.020%
Gold 3114.38
0.005%
Oil 66.379
0.113%
USD/JPY 145.988
-0.053%
GBP/USD 1.30993
0.002%
GBP/JPY 191.232
-0.036%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
S&P 500 futures fell 0.1%, while Nasdaq futures were nearly flat.IMF Managing Director Georgieva: Calls on the United States and trading partners to resolve tensions.IMF Managing Director Georgieva: U.S. tariffs pose a significant risk to the global outlook.WASHINGTON (AP) — The U.S. Food and Drug Administration is putting on hold work to improve its bird flu testing for milk, cheese and pet food because of massive layoffs at the agency, according to emails and people familiar with the matter.The Federal Aviation Administration (FAA) said a United Airlines Boeing 777 flight landed safely in Washington after a fire broke out in the cabin.

Hang Seng Index, ASX200, Nikkei 225: ASX 200 Gets Wall Street Support

Cory Russell

Feb 14, 2023 16:49


Market Overview

It was a mixed morning session. While there were no material stats from the US to deliver a bullish start to the Tuesday session, a US household survey eased fears of a hot US CPI Report.


According to a Monday Fed press release, the January 2023 Survey of Consumer Expectations showed that household growth expectations fell significantly in January while holding above pre-pandemic levels. The survey results eased fears of a hotter-than-expected January CPI Report, supporting a bullish US market session.


On Monday, the NASDAQ Composite Index rose by 1.48%, with the Dow gaining 1.11%. Investor optimism delivered early support.

ASX 200

The ASX 200 was up 0.30% this morning. Economic indicators from Australia delivered mixed results. While consumer confidence waned in February, business confidence rebounded in January, which was market positive. The NAB Business Confidence Index rose from -1 to +6, while the Westpac Consumer Sentiment Index fell by 6.9%, reversing a 5.0% rise from January.


Easing fears of a hotter-than-expected US CPI Report delivered a bullish session for the Dow on Monday, which provided ASX 200 support this morning. However, the Index saw a modest gain, with the RBA monetary policy outlook a headwind.


This morning, bank stocks had a mixed session. National Australia Bank (NAB) and Westpac Banking Corp (WBC) saw gains of 0.67% and 0.19%, respectively, while the Commonwealth Bank of Australia (CBA) and ANZ Group (ANZ) were down by 0.07% and 0.04%, respectively.


Mining stocks were also having a mixed session. Rio Tinto (RIO) fell by 0.15%, while BHP Group Ltd (BHP) and Fortescue Metals Group (FMG) were up 0.08% and 0.45%, respectively. Newcrest Mining (NCM) resumed its upward trend, rising by 0.63%.


Oil stocks were on the rise, with Woodside Energy Group (WDS) and Santos Ltd (STO) up by 0.55% and 0.50%, respectively. The current uptrend in crude oil prices delivered support. The upside came despite a morning pullback in crude oil prices. WTI was down 1.24% to $79.15.

Suggestion