Australia Financial News

«Going forward, investors will take cues from US Service PMI and Jolt Jobs data,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal. Here's breaking down the pre-market actions: STATE OF THE MARKETS Gift Nifty signals positive start Nifty futures on the Gift Nifty traded at 21,027 around 7.15 am, up 27.50 points or 0.13%, indicating a positive start for Dalal Street.

Global market setup remains positive as Asian markets traded higher while the US shares ended mixed overnight. The equity benchmark indices on Tuesday ended at their record closing highs as market sentiment remained upbeat following strong macro numbers and BJP's victory in the three large states. The Sensex jumped 431.02 points, or 0.63%, to end at 69,296.14, while the Nifty 50 settled 168.30 points, or 0.81%, higher at 20,855.10.

Tiger Woods vaulted 430 spots in the Official World Golf Ranking after finishing 18th out of 20 golfers in his invitational Hero World Challenge. Woods, who was making his first start since withdrawing from the Masters in April, had fallen to a career-low 1,328th in the OWGR by last week. He made his return at the Bahamas and while the 47-year-old surprised many with his solid play, Woods bested only two players in the field. That didn't prevent Woods from climbing to 898th in the OWGR, his highest since before withdrawing from the 2022 PGA Championship. That also doesn't speak to the fact that the Hero World Challenge is an unofficial PGA Tour event. LIV had its application to earn OWGR points denied earlier this year, largely due to the fact that its events are limited to 48 players competing in a three-day shotgun start format with no cut that also includes a team aspect. But that Woods could climb 430 spots in an unofficial event in which he finishes third to last will almost certainly draw ire from those who believe LIV players should be earning rankings points. Woods finished ahead of only reigning U.S.

Brisbane International early next year, legendary tennis player and 22-time Grand Slam winner Rafael Nadal said he will participate in the tournament in Australia without any expectations. The former World No. 1 brought fans closer to his current mindset in a philosophical message delivered in Spanish. The 37-year-old Spaniard has not played since losing in the second round of the Australian Open earlier this year due to a long-standing hip problem.

The average productivity of Indian farmers is around 450 kg per hectare, with some states having a productivity of around 750 kg per hectare. However, this is still lower than 1,500-2,200 kg per hectare witnessed in countries like Brazil and Australia. The government is keen to bring productivity of Indian farmers on par with the Western ones and the Ministry of Textiles started the pilot study last year in association with the Ministry of Agriculture and the Indian Council of Agricultural Research.

U.S. auto safety regulators say they are monitoring data from a group of mostly unrecalled Takata air bag inflators after one of them exploded in a BMW and hurled metal fragments that seriously injured a driver in Chicago

France’s National Assembly has unanimously approved a bill to ban single-use, disposable electronic cigarettes, in an attempt to protect young people drawn to their flavors and mitigate the environmental impacts of the disposable products known as “puf...

Canada remains a chronic underachiever. Our economy contracted by 1.06 per cent quarter-over-quarter in the third quarter, while the United States economy grew by 5.2 per cent. The European Union and Australia also saw modest economic growth.

Investing.com -- U.S. stocks point lower as markets gear up for fresh job openings data that will serve as a precursor to Friday's much-anticipated nonfarm payrolls report. Elsewhere, the Reserve Bank of Australia leaves interest rates unchanged and flags some uncertainty around the global outlook, while a private survey shows that activity in China's services sector expanded at a faster than expected rate in November.

Investing.com — European stock markets traded in a mixed fashion Tuesday, as investors awaited more regional economic data while assessing the outlook for central bank interest rate cuts. 

Taiwan’s Financial Supervisory Commission (FSC) is exploring the possibility of introducing cryptocurrency exchange-traded funds (ETFs).

A look at the day ahead in European and global markets from Tom Westbrook

By Stella Qiu

By Rae Wee

Investing.com-- The Reserve Bank of Australia kept interest rates on hold as expected on Tuesday, citing the need for more macroeconomic data to spur another rate decision, but warned that risks from high inflation still remained in play. 

Investing.com-- Most Asian stocks fell on Tuesday, seeing some profit taking after rallying sharply through November on expectations of a less hawkish Federal Reserve, while a string of weak economic readings from across the region also dented sentiment. 

Investing.com-- Most Asian currencies weakened on Tuesday tracking a string of middling economic readings from the region, with the Australian dollar falling sharply after the Reserve Bank kept rates unchanged and offered scant cues on monetary policy. 

Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates and waited on U.S. jobs data. An interest rate decision is due in Australia in the meantime, with traders all but certain the central bank will keep rates steady, leaving the focus on the outlook and tone. MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.9% in early trading.

Bitcoin topped US$42,000 as frenzied speculation in cryptocurrencies gathers pace, extending the largest digital token’s rally to more than 150 per cent this year.

The head of one of the world’s biggest pension funds has said United Kingdom retirement plans should not be told where to invest their money, as the government sets out plans to funnel more cash into unlisted assets and early-stage companies.

India vs South Africa: High on the confidence boost it received after its comprehensive 4-1 series victory against Australia, Team India is all set for the South Africa series. The T20, ODI, and Test series in South Africa are going to be interesting in many aspects, especially because many young emerging players will get an opportunity to showcase their talent and represent the potential of Indian cricket in the future.