Australian markets finished higher on Monday after oil prices surged last week on the threat of more conflict in the Middle East.
The Australian sharemarket has finished the week in the red,weighed down by the mining and technology stocks,as investors keep a watchful eye on the growing conflict in the Middle East.
The Australian sharemarket closed slightly higher as US stocks drifted overnight,and Treasury yields rose following an encouraging update on the job market’s strength.
The oil world has had a surprisingly calm reaction to the Middle East conflict this week. That could change quickly.
The Australian sharemarket closed the day lower,with energy stocks – boosted by a jump in oil prices overnight – unable to keep it in the green.
The Australian sharemarket closed lower on Tuesday,weighed by the miners,despite Wall Street closing hitting record highs on Monday.
Miners pushed the Australian sharemarket to a record high after China announced a slew of stimulus measures last week.
The OPEC+ group likes to blame everyone else for its problems. It needs to look in the mirror.
With a boost from the mining sector,the Australian sharemarket has finished slightly up to close at a fresh all-time high.