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S&P/ASX 200 slips as investors fear a COVID-19 resurgence

S&P/ASX 200 slips as investors fear a COVID-19 resurgence Brent crude gained 0.6% to US$69.00 a barrel on Tuesday after slumping around 7% in the previous session. Dow Jones index in the US tumbled 700 points on Monday for its worst drop since October. S&P/ASX 200 (INDEXASX:XJO) has slipped for a second day, with the index easing by 0.12% to 7,277 points by about 1.15 pm. This follows a significant 1.6% tumble for the S&P500 overnight on Wall Street as the spread of the COVID-19 Delta strain and lockdown uncertainty continues to keep markets on edge. Oil price tumbles Locally, energy stocks were the hardest hit following ~7.5% in oil prices overnight as COVID-19 infections surged and OPEC+ agreed to gradually ramp up oil production through to September 2022.

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S&P/ASX 200 in the red after Victoria joins Sydney in lockdown

S&P/ASX 200 in the red after Victoria joins Sydney in lockdown
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.

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Walkabout Resources Ltd completes entitlement offer, secures $7 6 million to drive Lindi Jumbo Graphite Mine toward production

Walkabout Resources completes entitlement offer, secures $7.6 million to drive Lindi Jumbo Graphite Mine toward production The fresh equity will unlock a key funding package and support Walkabout as it works to move its flagship Tanzanian graphite project into production. Walkabout Resources will use the capital to develop its flagship Tanzanian graphite play. Walkabout Resources Ltd (ASX:WKT) is poised to bring in more than A$7.6 million in funding after closing its latest entitlement offer. The graphite explorer finalised its one-for-10, non-renounceable entitlement issue on Monday, July 5, with new shares slated for issue on July 12 and quotation to occur the following day.

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S&P/ASX 200 gains as IT, health care stocks outperform

S&P/ASX 200 gains as IT, health care stocks outperform Companies S&P/ASX 200 gains as IT, health care stocks outperform Oil prices jumped to its highest level in six years after talks between OPEC and its oil-producing allies were postponed indefinitely. On Tuesday, US oil benchmark West Texas Intermediate crude futures surged to US$76.98, a price not seen since November 2014. S&P/ASX 200 (INDEXASX:XJO) gained 0.65% to 7,308.7 points by about 12.50 pm as high-growth technology and health care stocks rebounded from Tuesday’s selloff, outperforming the heavyweight banks, miners and retail giants. Buy now, pay later player Afterpay (ASX:APT) jumped 4% to $119.45 and rival Zip Co (ASX:Z1P) hained 4.3% to $7.56.

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S&P/ASX 200 slips as RBA holds cash rate at 0 1%; bond purchases to continue at a reduced rate

S&P/ASX 200 slips as RBA holds cash rate at 0 1%; bond purchases to continue at a reduced rate
proactiveinvestors.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com.au Daily Mail and Mail on Sunday newspapers.

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