* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Thursday, February 19, 2026
Earth-News
  • Home
  • Business
  • Entertainment

    NEED TO KNOW: Arts and culture news this week – The Frederick News-Post

    18 fun things to do in the Wilmington area this weekend – Wilmington Star-News

    Discover Can’t-Miss Arts and Entertainment Events Happening February 19 in Vallejo and Vacaville!

    How to remember actor Robert Duvall – CNN

    Air Cambodia Elevates Passenger Experience with AirFi’s Wireless In-Flight Entertainment

    Celebrate Mardi Gras, Black History Month, and More Exciting Events This Week in Coral Springs!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Cutting-Edge Election Technology Takes Center Stage at Las Vegas Summit

    Uncover the Brain’s Hidden Protein Factories with Cutting-Edge Mapping Technology

    Discover the VISION EQXX: Mercedes-Benz’s Most Efficient Electric Vehicle Ever

    Yeast Enzyme Unlocks DNA Synthesis Independent of Mitochondrial Respiration

    UK Occupiers Embrace Advanced Building Technology to Transform Employee Experience

    Drone, LPR technology lead to arrest of suspected diesel fuel thieves in Murfreesboro – WKRN News 2

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment

    NEED TO KNOW: Arts and culture news this week – The Frederick News-Post

    18 fun things to do in the Wilmington area this weekend – Wilmington Star-News

    Discover Can’t-Miss Arts and Entertainment Events Happening February 19 in Vallejo and Vacaville!

    How to remember actor Robert Duvall – CNN

    Air Cambodia Elevates Passenger Experience with AirFi’s Wireless In-Flight Entertainment

    Celebrate Mardi Gras, Black History Month, and More Exciting Events This Week in Coral Springs!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology

    Cutting-Edge Election Technology Takes Center Stage at Las Vegas Summit

    Uncover the Brain’s Hidden Protein Factories with Cutting-Edge Mapping Technology

    Discover the VISION EQXX: Mercedes-Benz’s Most Efficient Electric Vehicle Ever

    Yeast Enzyme Unlocks DNA Synthesis Independent of Mitochondrial Respiration

    UK Occupiers Embrace Advanced Building Technology to Transform Employee Experience

    Drone, LPR technology lead to arrest of suspected diesel fuel thieves in Murfreesboro – WKRN News 2

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

ASX slumps as miners, energy stocks fall; consumer sentiment drops

January 16, 2024
in News
ASX slumps as miners, energy stocks fall; consumer sentiment drops
Share on FacebookShare on Twitter

The Australian sharemarket was red across the board on Tuesday with mining, energy and utilities stocks leading the Australian sharemarket down after the iron ore price tumbled overnight and traders looked to the European sharemarket for direction, lacking a lead from Wall Street.

The S&P/ASX 200 dropped 88.6 points, or 1.2 per cent, to 7407.7 at about 12.15pm AEDT with only a handful of large-cap companies trading higher.

European markets took centre stage with Wall Street closed.

European markets took centre stage with Wall Street closed.Credit: Getty Images

Consumer staples (down 1.2 per cent) were among the weakest companies on the index as supermarket giants Coles (down 1.8 per cent) and Woolworths (down 1.4 per cent) both declined.

The Westpac-Melbourne Institute consumer sentiment index dropped 1.3 per cent in January. Westpac senior economist Matthew Hassan said high interest rates and cost of living continued to dominate sentiment among consumers.

“The latest January read is in the bottom 7 per cent of all observations since the survey was first run in the mid-1970s,” he said. “More pessimistic starts to the year have only been seen during the deep recession of the early 1990s.”

Energy companies (down 1.5 per cent) were also weaker as oil heavyweights Woodside (down 1.5 per cent) and Santos (down 1.9 per cent) fell following a 0.2 per cent drop in Brent crude oil prices overnight.

Miners (down 1.6 per cent) lost ground after iron ore prices dropped over concerns about a weakening Chinese economy and heightened tensions in the Taiwan Strait and the Red Sea. South32 lost 3.7 per cent, BHP shed 1.4 per cent and Fortescue slid 2.3 per cent.

Seven Group Holdings (down 3.7 per cent), Incitec Pivot (down 3 per cent) and Boral (down 2.8 per cent) were also among the biggest large-cap decliners.

Utilities (down 2 per cent) was the weakest sector as Origin dropped 2.7 per cent, APA Group shed 1.5 per cent and AGL fell 1.4 per cent.

Qantas (up 0.7 per cent), IDP Education (up 0.7 per cent) and Brambles (up 0.7 per cent) were among the few large-cap advancers.

Loading

Financials (down 0.9 per cent) and communication services (down 0.6 per cent) were the most resilient sectors, although the big four banks traded firmly in the red along with Telstra (down 0.1 per cent), REA Group (down 1.3 per cent) and TPG Telecom (down 0.8 per cent).

European stocks fell as bond yields climbed, and Chinese equities dipped after the country’s central bank unnerved investors by skipping an expected rate cut.

US markets were closed for Martin Luther King, Jr. Day.

Europe’s STOXX 600 index was last down 0.5 per cent, taking its fall for the year to around 1 per cent, after a 13 per cent increase in 2023. Britain’s FTSE 100 was 0.4 per cent lower and Germany’s DAX was off by 0.5 per cent. The ASX dipped by 2 points on Monday.

The Chinese CSI 300 index fell to its lowest since 2019 but finished 0.1 per cent lower as investors digested its central bank’s decision to leave the medium-term policy rate unchanged on Monday, defying expectations for a cut.

Investors are set for a busy week with data on Chinese fourth-quarter growth, British inflation and US retail sales all due on Wednesday.

They will also be listening closely to central bank officials, especially the Federal Reserve’s Christopher Waller, whose dovish turn in late November helped to send markets soaring and who speaks on Tuesday.

US Treasury trading was shut on Monday, but Germany’s 10-year bond yield was up 5 basis points at 2.195 per cent, around its highest level since mid-December.

Bond prices, which move inversely to yields, fell as European Central Bank officials pushed back against market expectations for rapid interest rate cuts this year.

Loading

The focus of world leaders and executives gathering for the 54th World Economic Forum meeting this week in Davos, Switzerland, will be global politics.

However, markets showed a limited reaction to the victory of the ruling Democratic Progressive Party in Taiwan over the weekend, a result which displeased Beijing.

The euro was treading water at $1.095, while the dollar index rose 0.14 per cent to around 102.65. The Australian dollar traded at 66.33 US cents as of 10:42am AEDT, down 0.4 per cent.

Oil prices has drawn support from disruptions to shipping in the Red Sea, though doubts about demand this year have limited the rally. Brent crude oil was last down 0.8 per cent at $US77.66 a barrel, down from a two-week high of $US80.75 on Friday.

With Reuters

The Market Recap newsletter is a wrap of the day’s trading. Get it each weekday afternoon.

Most Viewed in Business

Loading

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Brisbane Times – https://www.brisbanetimes.com.au/business/markets/asx-set-to-slide-as-european-stocks-fall-china-skips-rate-cut-20240116-p5exjd.html?ref=rss&utm_medium=rss&utm_source=rss_feed

Tags: Minersnewsslumps
Previous Post

Iranian Revolutionary Guards attacks ‘spy headquarters’ in Iraq

Next Post

Five moves to make before Google shuts your free business website

Emerging Ecology Researchers Gain New Opportunities Through the Margaret Middleton Fund

February 19, 2026

How Sugary Drinks Are Driving a Surge in Teen Anxiety

February 19, 2026

Scientists Uncover Growing Gravity Anomaly Deep Beneath Antarctica

February 19, 2026

Explore Orlando’s Top Real Estate and Lifestyle in the Exciting New Florida Lifestyles TV Series

February 19, 2026

Les Wexner Tells US Congress How He Was ‘Duped’ by Epstein, Describing Him as a ‘World-Class Con Man

February 19, 2026

Don’t Miss the Midwest Economic Summit – Live This Thursday at 8 a.m.!

February 19, 2026

NEED TO KNOW: Arts and culture news this week – The Frederick News-Post

February 19, 2026

Aberdeen Clinician Revolutionizes Care for South Dakotans with Groundbreaking Brain Health Advances

February 19, 2026

State Working Families Party Backs Dylan Hewitt in Heated NY-21 Race

February 19, 2026

Cutting-Edge Election Technology Takes Center Stage at Las Vegas Summit

February 19, 2026

Categories

Archives

February 2026
M T W T F S S
 1
2345678
9101112131415
16171819202122
232425262728  
« Jan    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (1,080)
  • Economy (1,097)
  • Entertainment (21,974)
  • General (19,977)
  • Health (10,138)
  • Lifestyle (1,113)
  • News (22,149)
  • People (1,104)
  • Politics (1,114)
  • Science (16,312)
  • Sports (21,600)
  • Technology (16,079)
  • World (1,089)

Recent News

Emerging Ecology Researchers Gain New Opportunities Through the Margaret Middleton Fund

February 19, 2026

How Sugary Drinks Are Driving a Surge in Teen Anxiety

February 19, 2026
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version