Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Indexes  >  Australian Stock Exchange  >  S&P/ASX 200    XJO   XC0006013624

S&P/ASX 200

(XJO)
SummaryQuotesChartsNewsHeatmapComponents 
SummaryMost relevantAll NewsOther languagesNews of the index componentsMarketScreener Strategies

Australia shares trade flat as gloomy U.S. jobs data blunts vaccine cheer

11/25/2020 | 07:33pm EST

* Diplomatic tensions with China flare over coal imports

* Gold stocks rise most in two weeks on firm bullion

* Financials lose most in two weeks amid broader weakness

Nov 26 (Reuters) - Australian shares traded steady on Thursday, as a surprise uptick in U.S. jobless claims amid coronavirus-driven fresh lockdowns halted a global stock market rally that was fuelled by optimism over a third potential vaccine.

Broader sentiment took a hit after data showed U.S. jobless claims rose unexpectedly for a second consecutive week, implying that new curbs to contain a resurgence of COVID-19 cases in the United States could slow down recovery in the labour market.

"Surprising weakness in jobless claims, personal income and new home sales raised questions about the health of household budgets, and reversed the recent re-opening inspired trading," CMC Markets Chief Market Strategist Michael McCarthy said in a note.

Back home, Australia's diplomatic friction with its biggest trading partner China increased after Beijing said some imported coal did not meet environmental standards, in response to reports of dozens of shipments of Australian coal stalled in Chinese ports.

The S&P/ASX 200 index fell 0.1% to 6,677.6 by 0007 GMT, with coal producers Whitehaven Coal and New Hope Corp dropping up to 4.5% and 3.1%, respectively.

Heavyweight financials, set for their biggest daily loss in two weeks, were the worst performers on the benchmark, eclipsing gains in real estate and healthcare stocks.

Commonwealth Bank of Australia lost 1.5%, while National Australia Bank gave up 1.9%.

On the flip side, gold stocks rose the most in nearly two weeks after safe-haven bullion held steady amid broader risk-off sentiment, with Northern Star Resources adding 2.6% and Saracen Mineral Holdings up 2.4%.

Gold stocks kept the metals and mining sub-index in the black despite top miners BHP Group and Rio Tinto losing heavily.

New Zealand's benchmark S&P/NZX 50 index slid 0.2% to 12,639.38, with local shares of Westpac Banking Corp and Australia and New Zealand Banking Group both shedding more than 1.8%.

(Reporting by Arpit Nayak in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED -0.40% 24.64 End-of-day quote.8.55%
BHP GROUP -1.89% 46.13 End-of-day quote.8.72%
COMMONWEALTH BANK OF AUSTRALIA -0.27% 85.09 End-of-day quote.3.63%
NATIONAL AUSTRALIA BANK LIMITED -0.74% 24.12 End-of-day quote.6.73%
NEW HOPE CORPORATION LIMITED -1.67% 1.47 End-of-day quote.3.89%
NORTHERN STAR RESOURCES LIMITED -1.40% 13.43 End-of-day quote.5.83%
RIO TINTO GROUP -2.10% 119.32 End-of-day quote.4.82%
S&P/ASX 200 -0.34% 6800.4 Real-time Quote.3.24%
SARACEN MINERAL HOLDINGS LIMITED -1.36% 5.07 End-of-day quote.6.74%
WESTPAC BANKING CORPORATION -0.18% 21.78 End-of-day quote.12.44%
WHITEHAVEN COAL LIMITED -2.45% 1.595 End-of-day quote.-3.04%
All news about S&P/ASX 200
01/22Electric Royalties Provides Royalty Portfolio Update
MT
01/2288 Energy Shares Down 22% On New US Drillings Suspension; ASX Trading Halted
MT
01/22S&P/ASX 200 : Australia's Business Activity Reaches Two-Month Low in January Des..
MT
01/22S&P/ASX 200 : Australian Retail Turnover Eases in December
MT
01/22S&P/ASX 200 : Australia's Preliminary Retail Sales Climb 9.4% in December, But D..
MT
01/22Pensana Rare Earths to Delist from Australian Bourse on Feb. 24
MT
01/22Ionic Rare Earths Extends Mineralization at Makuutu Western Zone in Uganda; S..
MT
01/22Australia shares edge lower; post weekly gain on U.S. stimulus plan
RE
01/22Australian Shares Retreat on Extension of Isolation for Mutant COVID-19 Cases..
MT
01/22S&P/ASX 200 : Australian Shares Post Moderate Losses on Extension of Isolation M..
MT
More news
News of the index components S&P/ASX 200
01/22MACQUARIE : enters into agreement for sale of 39 Martin Place, retains commitmen..
AQ
01/22IRESS : New deadline to breadline report
PU
01/22Worley Secures Four Master Services Agreements from Cheniere Energy Subsidiar..
MT
01/22BHP GROUP : RBC keeps its Buy rating
MD
01/22NRW : Unit Secures $62 Million Contract
MT
01/21ECONOMIC AND FINANCIAL MARKET UPDATE : Housing Market; Another Good Year
PU
01/21LYNAS : Subsidiary Seals Deal with US Government for Light Rare Earths Facility;..
MT
More news
Chart S&P/ASX 200
Duration : Period :
S&P/ASX 200 Technical Analysis Chart | XJO | XC0006013624 | MarketScreener
Technical analysis trends S&P/ASX 200
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Heatmap :