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Last Trade - 07/05/21

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £13.46bn
Enterprise Value £14.49bn
Revenue £2.32bn
Position in Universe 21st / 1907

Australia shares extend rally on iron ore, Wall Street strength

Thu 8th April, 2021 1:32am
April 8 (Reuters) - Positive cues from Wall Street overnight
helped Australian shares extend their rally to a fifth day on
Thursday, with robust iron ore prices further boosting
heavyweight mining stocks.
    The S&P/ASX 200 index  .AXJO  was up 0.4% at 6,953.2 points
in early trade, having ended higher for the previous four
sessions. 
    The S&P 500 and the Dow closed modestly higher after the
U.S. Federal Reserve, in minutes of its latest meeting, 
reiterated its commitment to an accommodative stance until the
economic rebound was more secure.  .N 
    The mining sub-index  .AXMM  added more than 1%, hitting its
highest level in nearly a month. 
    Heavyweight iron ore miners were lifted after the commodity
climbed nearly 2% on Wednesday as record steel prices in China
prompted investors to make tentative bets.  IRONORE/ 
    Fortescue Metals Group Ltd  FMG.AX  was up 2.4%, while BHP
Group Ltd  BHP.AX  climbed 1.8%. Both stocks were among the top
percentage gainers in the benchmark index. 
    ASX 200 Energy index  .AXEJ  rose 0.2%, led by Ampol Ltd
 ALD.AX  that climbed 1.2%, as oil futures edged higher on
improving economic outlook. 
    Technology and financial stocks  .AXFJ   .AXIJ  climbed
about 0.3% each. 
    In contrast, gold stocks  .AXGD  were muted, as bullion
prices fell on Wednesday a day after hitting their highest in
more than one week.
    In New Zealand, the benchmark S&P/NZX 50 index  .NZ50  rose
0.43% to 12,540.6. 
             

 (Reporting by Shruti Sonal in Bengaluru, Editing by Sherry
Jacob-Phillips)
 ((Shruti.Sonal@thomsonreuters.com; Twitter: @shrutisonal26;))
 
((For more information on DIARIES & DATA:
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 Wall Street Week Ahead    .N/O 
 Global Economy Week Ahead  DATA/ 
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