Zuckerberg has lost 7 billion dollars as companies pull adds from Facebook. Catch the moment!
Australian equities go up
On Tuesday, the Australian stock market generally soared because of the strengthening IT sectors, producers of consumer goods as well as industry.
The Sydney Stock Exchange S&P/ASX 200 managed to gain by approximately 0.20%.
Among the components of the S&P/ASX 200 index the top-notch performers were represented by the equities of GenWorth Mortgage Insurance Australia Ltd that tacked on by 7.29% being worth 2.650. The stocks of Wisetech Global Ltd soared by 6.02% concluding the trading session at about 16.380. Moreover, Paper Sandfire Resources NL edged up by 4.52% getting to 9.950.
On the contrary, the equities of Ausdrill turned out to be the leaders of the dive. They went down by approximately 20.38% showing 1.895. The stocks of Retail Food Group inched up by 8.20% closing at 0.560, Syrah Resources Ltd edged down by 6.67% ending up with an outcome of 2,800.
As a matter of fact, the total number of depreciated stocks (660) on the Sydney Stock exchange managed to surpass the overall number of those that concluded in positive territory (612). Simultaneously, quotations of 416 were intact.
The stocks of Wisetech Global Ltd tacked on to a historic maximum, soaring by up to 6.02% and demonstrating 16.380. Besides this, the shares of Retail Food Group dived to a historic minimum, having declined by 8.20% being worth 0.560. The stocks of Sandfire Resources NL inched up to a historic maximum, adding by 4.52% getting to 9,950.
Built around the basis of trading options on the S&P/ASX 200, the S&P/ASX 200 VIX volatility index managed to tack on by 0.88% trading at 11.026.
Furthermore, August delivery gold futures went down by 0.10% demonstrating $1.301.90 per troy ounce. July delivery WTI futures ascended by 0.18% hitting $66.22 per barrel.
The currency pair AUD/USD soared by 0.07% being worth 0.7614.
The RBA will make a rate statement on August 4 at 7:30 MT time.
The overall market sentiment is mixed as new virus cases continue rising throughout the world, but most economic indicators came out better than analysts expected. Let’s look at the main market movements.
The market sentiment switched to risk-off after the Fed’s Powell statement. The USD edged higher, while risker assets started falling after reaching quite high levels. Let’s have a closer look.