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woodside energy group receives hold rating from ubs amid insider selling
UBS analyst Tom Allen has maintained a Hold rating on Woodside Energy Group (WDS) with a price target of A$26.50, while the shares opened at A$22.72. The analyst consensus is a Moderate Buy with an average target of A$26.86, despite negative insider sentiment due to increased selling activity among insiders. WDS has a market cap of A$43.85B and a P/E ratio of 8.09.
Australia 200 edges higher amid geopolitical tensions and positive jobs outlook
The Australia 200 index is trading slightly higher at 7860, recovering from an intraday high of 7922 amid rising geopolitical tensions following Israel's airstrikes on Gaza. The upcoming jobs report is expected to show stable employment, likely keeping interest rates on hold. In the energy sector, Beach Energy and AGL Energy saw gains, while gold prices hit a record high, benefiting companies like Regis Resources. The banking sector experienced mixed results, and the materials sector remained steady despite fluctuations in coal and iron ore stocks.
The ASX 200 rose 13 points (0.16%) to 8476, buoyed by record highs on Wall Street and expectations of earlier interest rate cuts from the RBA. Bitcoin's recent surge is expected to drive momentum buying, with targets of 105,000 and 120,000 by 2025, contrasting with the ASX's gradual gains.Technology and consumer discretionary sectors saw significant gains, while energy and mining stocks declined ahead of an OPEC+ meeting. Analysts suggest the ASX 200 needs to break above 8500 for a more decisive upward move, amid ongoing fluctuations since September.
asx 200 declines as trump's tariff plans stir market uncertainty
The ASX 200 fell 38 points (-0.45%) to 8380 amid market reactions to the president-elect's tariff plans, which could see a modest increase in tariffs on Chinese imports. Energy stocks declined following a 3.1% drop in crude oil prices, while the banking sector was pressured by APRA's decision to maintain the mortgage serviceability buffer. Despite a slight recovery in iron ore prices, gold stocks suffered losses due to geopolitical developments and fiscal policy changes.
asx 200 reaches record high driven by strong financial and tech sectors
The ASX 200 surged to a record high of 8431, up 131 points (+1.59%), driven by optimism from Nvidia"s earnings and strong performance in the financial sector. The Reserve Bank of Australia"s meeting minutes indicated stable policy settings, with little chance of an interest rate cut before May 2025. Local tech stocks also benefited, with notable gains in companies like TechnologyOne and Afterpay"s owner Block.
ASX 200 declines as traders assess US election impact on economy
The ASX 200 is down 17 points (-0.22%) at 8181 as traders assess the implications of the US election on the Australian economy. Concerns over potential US-China trade tensions have emerged, though Chinese fiscal stimulus may mitigate impacts. Big miners and energy stocks saw gains, while real estate and gold mining sectors faced declines due to rising global yields and a stronger US dollar. Sigma Healthcare's shares surged 23.4% following merger approval.
impact of us presidential election on asx stocks and sectors
The US presidential election significantly impacts global markets, particularly the ASX, with potential shifts in tech, healthcare, mining, and energy sectors. A Trump administration may favor deregulation and free-market policies, benefiting companies like Xero and CSL, while a Harris administration could impose stricter regulations, affecting compliance costs and market dynamics. Investors should monitor these developments closely, as changes in tariffs and trade policies could influence stock performance and economic growth.
Geopolitical tensions have ignited the energy market, with Brent crude oil surpassing $80 a barrel amid fears of potential strikes on Iran's oil infrastructure. Oil traders have shifted to a bullish stance, while concerns linger over China's declining demand, which has contracted by 1.7% year-on-year. In the Australian market, Santos shares are under scrutiny despite a recent upgrade to a BUY, while Woodside Energy shows a strong near-term rally but faces mixed recommendations from analysts.
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