13:03 Thu 03 Jun 2021
S&P/ASX 200 hits record high as strong demand dynamics push oil price above US$70 per barrel
Gold prices rose 0.4% to US$1,906.80 per ounce on Wednesday, hovering below a near five-month peak achieved in the previous session. Global investors are awaiting U.S. payrolls data due on Friday to gauge cues on future monetary policy.
S&P/ASX 200 (INDEXASX:XJO) has hit another record high earlier today, with the index lifting 0.9% to 7281.8.
The Big 4 banks were the largest contributors to the market’s gains as Commonwealth Bank (ASX:CBA) hit a fresh record high of $101.85 this morning.
Energy stocks are also continuing to gain, with the sector lifting by 2.84% following a 1.4% rise in brent crude oil price to US$71.25 a barrel.
FTSE 100 closes in red as travel stocks and miners weigh
The UK s top share index finished the afternoon session down over 43 points, or 0.61%, at 7,064
FTSE 100 closes down 43 points
US stocks mixed
5.15pm: FTSE closes lower
FTSE 100 closed in the red on Thursday, weighed down by travel and commodity groups.
The UK s top share index finished the afternoon session down over 43 points, or 0.61%, at 7,064.
Midcap FTSE 250 was also lower, closing down over 180 points, or 0.57%, at 22,802.
Over on Wall Street, it was a mixed bag. The Dow Jones Industrial Average added over 35 points, but the S&P 500 and Nasdaq were lower, by eight points and 112 points respectively.