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Stock impact report

Miners, energy stocks lift Australian shares despite recession jitters [Reuters]

Block, Inc. Class A, (SQ) 
Last block, inc. class a, earnings: 2/26 04:05 pm Check Earnings Report
US:NYSE Investor Relations: squareup.com/about/investors
Company Research Source: Reuters
stocks, even as some investors remained on the sidelines about a potential global recession. The S&P/ASX 200 index was up 0.2%, as of 0014 GMT. The benchmark closed 0.4% higher on Tuesday. Still, markets globally were weighed down by hawkish comments from the Fed president of St. Louis and Chicago who made case for the U.S. central bank to have more rate hikes and increase interest rates by another percentage point this year, fuelling worries about global recession. Australian energy stocks led the gains on the domestic benchmark with a 2.5% jump, as supply curbs in the U.S. Gulf of Mexico ahead of Hurricane Ian lifted oil prices. Oil and gas major Woodside Energy and Santos advanced 3.5% and 0.9%, respectively. Miners added 1.5% as iron ore futures rose after top steel producer China resumed ramping up output to cash in on increased construction activity. Sector majors BHP and Rio Tinto advanced 2.2% and 1.3%, respectively. The technology sub-index tracked a sharp drop Show less Read more
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