ASX Update: Uranium, infant formula shine in sluggish session

ASX Update: Uranium, infant formula shine in sluggish session

The share market marked time ahead of risk events in the US as gains in growth and defensive stocks were largely offset by declines in heavyweight banks and iron ore producers.

The S&P/ASX 200 traded both sides of break-even before reaching mid-session six points or less than 0.1 per cent in the red.

Tech stocks, gold miners and real estate trusts rose. CBA and Bank of Queensland declined after market updates. Uranium stocks surged after several European countries asked the EU to recognise nuclear power as green energy. What’s driving the market

Buying interest was kept in check by a third straight decline on Wall Street. The S&P 500 eased 0.24 per cent overnight as investors continued to reduce exposure ahead of several potential market-moving events.All eyes will be on tonight’s US September consumer prices update, the minutes from the last Federal Reserve meeting and the launch of a new corporate […]

About the author: StockMan

Please remember:

The information provided here is for general knowledge and educational purposes only.
It is not intended to be a substitute for professional financial advice.
Every individual's financial situation is unique, and what works for one person may not work for another.
Before making any investment or financial decisions, you should always consult with a qualified financial advisor who understands your specific circumstances and goals.

Any information posted on the website has been prepared without taking into account your objectives, financial situation or needs and as such, should never be acted upon. Please be aware that any information posted on this site should not be considered to be financial advice and i am not a financial advisor.

Posting Guidelines
Do
  • Do contribute something to the discussion
  • Do post factual information, analysis and your view on company valuations
  • Do disclose if you have an interest in a security
  • Do take our Terms of Use seriously
Do Not
  • Do not make low-content posts, unsubstantiated ramps or untruthful/misleading statements
  • Do not complain about a post unless you have reported it first, and not on the forum.
  • Do not post financial advice
  • Do not advertise or post sponsored content

Get involved!

Get Connected!

Come and join our community. Expand your network and get to know new people!

Comments

No comments yet