S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Australian stocks dropped 39 points or 0.4% to 8,773 on Thursday morning session after closing slightly higher in the prior session. The decline followed extended weakness on Wall Street’s S&P 500 and Nasdaq overnight after a major rout in the tech sector earlier this week. Locally, nerves grew ahead of labor market figures for May, after April’s jobless rate rose to 4.5%, the highest since late 2021, while employment unexpectedly fell. Meanwhile, Reserve Bank’s Deputy Governor Andrew Hauser warned that inflation remains too high, stressing more policy work is needed to return to the 2–3% target. Wednesday’s print showed Australia’s headline inflation eased to 4.0% in May from April’s 4.2%, but core inflation accelerated to 3.6%. Non-energy minerals, energy minerals, and industrial services faced selling pressure, with notable laggards from BHP Group (-0.7%), Worley (-9.0%), Predictive Discovery (-7.2%), and Capricorn Metals (-4.0%). The big four banks shed between 0.8% and 2.9%.
Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service
