ASX Update: Tech, Energy Lead Ahead of RBA Rate Call

the market herald2022-04-05

Australian shares rallied ahead of a Reserve Bank policy update that could clear the way for higher rates as soon as next month.The S&P/ASX 200 climbed 51 points or 0.67 percent by mid-session. The ...

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Comments

claratan
2022-04-05
claratan
Wow
MrKenny
2022-04-05
MrKenny
K
dragon 4
2022-04-05
dragon 4
Nice
carroll
2022-04-05
carroll
Hi
CWen
2022-04-05
CWen
Good
Dollarvan
2022-04-05
Dollarvan
Okay

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The ...</p>\n\n<a href=\"https://themarketherald.com.au/asx-update-tech-energy-lead-ahead-of-rba-rate-call-2022-04-05/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XJO.AU","symbol_name":"标普/澳交所 200指数","start_time":0,"source_url":"https://themarketherald.com.au/asx-update-tech-energy-lead-ahead-of-rba-rate-call-2022-04-05/","article_id":"1182233146","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1182233146","pubTimestamp":1649128186,"sourceInfo":{"source_id":"lsy1645077863021","name":"themarketherald"},"weMediaInfo":null,"summary":"Australian shares rallied ahead of a Reserve Bank policy update that could clear the way for higher ","collect":0,"end_time":0,"defaultTopTitle":"themarketherald.com.au","property":[],"viewcount":null,"language":"en","relate_stocks":{"XJO.AU":"标普/澳交所 200指数","XAO.AU":"标普/澳交所 普通股指数","XKO.AU":"标普/澳交所 300指数"},"translate_title":"ASX更新：技术，能源领先于澳大利亚央行利率上调","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"XAO.AU":0.9,"XJO.AU":0.9,"XKO.AU":0.9},"content_text":"Australian shares rallied ahead of a Reserve Bank policy update that could clear the way for higher rates as soon as next month.The S&P/ASX 200 climbed 51 points or 0.67 percent by mid-session. 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Appen gained 4.51 percent, WiseTech 3.95 percent and Tyro Payments 3.57 percent.The Reserve Bank met this morning and was scheduled to update the market at 2.30 pm AEST. While no change to the cash rate was expected, investors awaited possible changes in guidance that could signal a hike as soon as next month.“The key focus will be on the final policy paragraph and whether rates guidance is put on a more agile setting,” NAB’s Director, Economics, Tapas Strickland, said.“If the RBA removes the word “patient”, markets will take that as a sign as a clear nod to the importance of Q1 CPI and lines up May or June for the first rate hike,” he added.Going upThe energy sector hit a pandemic-era high after the threat of new sanctions against Russia lifted energy prices. Brent crude built on a 3 percent overnight gain, rising another US$1.79 or 1.66 percent this morning to US$109.32 a barrel.Woodside Petroleum climbed 3.12 percent, Santos 2.4 percent and Beach Energy 1.44 percent. Ampol jumped 4.19 percent.Macquarie Groupshrugged off news ASIC launched civil penalty proceedings against Macquarie Bank over alleged failure to monitor its financial advisors. The proceedings follow an embezzlement case where a former Macquarie advisor stole $2.9 million from clients. Macquarie shares edged up 0.74 percent.Perpetualbounced 4.29 percent a day after pitching a $2.4 billion takeover offer at rival Pendal Group. Pendal shares gained 0.66 per cent.The defensive utilities sector rose to its highest since August 2020 following a positive night for defensive assets in the US. Origin Energy firmed 3.19 percent, AGL 3.42 percent and APA 0.52 percent.Going downBattery metal suppliers took a breather after leading for the last two sessions. Lynas Rare Earths eased 4.57 percent. Lithium minersAVZ Minerals and Liontown Resources retreated 5.64 and 3.54 percent, respectively. Further down the food chain, Arizona Lithium shed 8.33 percent.Turbulence in the nickel market appeared in danger of thwarting IGO Ltd’s attempt to acquire rival Western Areas. IGO shares fell 3.17 percent after an Independent Expert found its offer price was not in the best interests of Western Areas shareholders. Western Areasshares entered a trading halt pending an announcement.Elsewhere in the mining space, Silver Lake Resources dropped 2.59 percent, South32 2.47 percent and OZ Minerals 1.6 percent. BHP dipped 0.48 percent and Rio Tinto 0.02 percent.Gut microbe analyser Microba Life Sciences made a losing start to life on the boards. The share price sank 18.89 percent upon listing this morning.At the speculative end of the market, some of last week’s best performers suffered heavy setbacks. Tempest Minerals dropped 21.15 percent. Pursuit Minerals 17.07 percent and Consolidated Zinc 12.77 percent.Other marketsA flat morning on Asian markets saw the Asia Dow down 0.02 percent and Japan’s Nikkei lower by 0.08 percent. Trade in China and Hong Kong was suspended for a public holidayUS futures also retreated. S&P 500 futures backed off four points or 0.1 percent.Gold drifted down US$2.10 or 0.1 percent to US$1,931.90 an ounce.The dollar eased 0.04 percent to 75.4 US cents.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9016142625,"gmtCreate":1649158536799,"gmtModify":1676534460446,"author":{"id":"3573731928321338","authorId":"3573731928321338","name":"claratan","avatar":"https://static.tigerbbs.com/9c6bbdac9048ff2e4b740f272576e2be","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3573731928321338","authorIdStr":"3573731928321338"},"htmlText":"Wow&nbsp;","listText":"Wow&nbsp;","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016142625","repostId":1182233146,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9016129329,"gmtCreate":1649152924772,"gmtModify":1676534459803,"author":{"id":"4087488390591380","authorId":"4087488390591380","name":"MrKenny","avatar":"https://static.tigerbbs.com/d33c328c72534c30c34cb3846253e699","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4087488390591380","authorIdStr":"4087488390591380"},"htmlText":"K","listText":"K","text":"K","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016129329","repostId":1182233146,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9016192908,"gmtCreate":1649140963289,"gmtModify":1676534458437,"author":{"id":"4104378268082990","authorId":"4104378268082990","name":"dragon 4","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"4104378268082990","authorIdStr":"4104378268082990"},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016192908","repostId":1182233146,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9016196779,"gmtCreate":1649140954704,"gmtModify":1676534458422,"author":{"id":"3581250367192554","authorId":"3581250367192554","name":"carroll","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0,"idStr":"3581250367192554","authorIdStr":"3581250367192554"},"htmlText":"Hi","listText":"Hi","text":"Hi","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016196779","repostId":1182233146,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9016196837,"gmtCreate":1649140856271,"gmtModify":1676534458420,"author":{"id":"3581818742728168","authorId":"3581818742728168","name":"CWen","avatar":"https://static.tigerbbs.com/31b0269cbebdce24b628856129a8ab15","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3581818742728168","authorIdStr":"3581818742728168"},"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016196837","repostId":1182233146,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9016103274,"gmtCreate":1649137590640,"gmtModify":1676534458117,"author":{"id":"3555014251535651","authorId":"3555014251535651","name":"Dollarvan","avatar":"https://static.tigerbbs.com/0316ab12b442ee2cd79936de06de5089","vip":1,"crmLevel":4,"crmLevelSwitch":0,"idStr":"3555014251535651","authorIdStr":"3555014251535651"},"htmlText":"Okay","listText":"Okay","text":"Okay","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9016103274","repostId":1182233146,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":306,"commentSize":52,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; 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