logo-loader
viewProactive Australia

S&P/ASX 200 hits six-month high on easing global growth concerns

Recent economic data from China and the US have seen better than expected results.

rising chart
Miners performed well today with BHP Group (AS:BHP) rising 2.2%

S&P/ASX 200 (INDEXASX:XJO) has climbed for a seventh straight session on easing global growth concerns, closing 42.6 points or 0.68% higher at 6285 points.

Recent economic data from China and the US have seen better than expected results while US-China trade tensions are easing and moving towards a possible deal.

Miners performed well today with BHP Group (AS:BHP) rising 2.2% to $39.91 and Rio Tinto (ASX:RIO) gaining 1.9% to $100.32.

Energy sector closes in negative territory

The energy sector was the only sector to close in negative territory. Beach Energy (ASX:BPT) shares fell by 1.9% while Santos (ASX:STO) lost 0.4%.

2.4 billion shares worth $6.1 billion were traded today with 586 stocks ending higher, 542 lower and 408 unchanged.

In upcoming economic news, the ADP employment survey together with the ISM services index will be released in the US.

Quick facts: Proactive Australia

Price: - -

ASX:.
Market: ASX
Market Cap: -
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Australian Strategic Materials produces first titanium metal alloy with JV...

Australian Strategic Materials Limited’s David Woodall speaks to Proactive's Andrew Scott after announcing its JV partner ZironTech has successfully produced a titanium metal alloy at their commercial pilot plant in South Korea. He says it achieved 99.9% purity and importantly it uses about 45%...

10 minutes ago

2 min read