S&P/ASX 200 gains 0.63%; Telstra sells towers business for $2.8 billion
Brent crude futures gained 0.5% to US$75.05 a barrel as hopes for a demand recovery persisted despite new outbreaks of the highly contagious Delta variant of the coronavirus. Gold slipped 0.93% to US$1,761.66 per ounce on Tuesday, its lowest level since mid-April as the dollar strengthened in the run-up to this week’s US jobs report.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.63% to 7,347 by about 1 pm after the Nasdaq and S&P 500 hit record highs on Wall Street overnight.
The local index is on track to advance for the ninth consecutive month in June with a monthly gain of 2.5% and a ~25% rise for the financial year which ends today.
SOR Powers Bluetooth Sensor Device with Moisture fnarena.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from fnarena.com Daily Mail and Mail on Sunday newspapers.
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.
S&P/ASX 200 rises following better-than-expected jobs report
Companies
S&P/ASX 200 rises following better-than-expected jobs report
Brent crude futures fell 3.2% to US$66.49 per barrel on Wednesday on fears that rising inflation might lead the US Federal Reserve to raise interest rates. Gold prices hit a four-month high of US$1,889.75 on Wednesday.
S&P/ASX 200 (INDEXASX:XJO) has gained 0.80% to 6,987 by about 12.45 pm following the release of better-than-expected job numbers.
Australia’s jobless rate declined from 5.6% to 5.5% in April, beating economists’ expectations, with the number of unemployed people falling by 33,000.
The market was expecting the unemployment rate to remain steady at 5.6% and for 20,000 jobs to be added.
SOR Moisture Powered Battery Marches to Milliamps
2:10 PM
PERTH, Australia, May 20, 2021 /PRNewswire/ Strategic Elements Ltd (ASX:SOR) has announced several critical new development milestones for its
moisture powered self-charging
Bluetooth communications
over a milliamp of electrical current.
The advanced graphene oxide based ink enables
extremely small, thin and light weight battery cells to be printed onto surfaces such as glass and plastic. The battery cells are designed to be
powered and self-charged solely by moisture (humidity). Moisture from humidity in the air and graphene oxide are a readily available, environmentally friendly source of energy compared to alternatives based on lithium.