Australia Stocks Surges At The End Of Stock Trading

On Friday, Australia stocks were above average after the stock trading. It was when improvements in the Gold, Metals & Mining and Materials sectors led shares better.

At the close in Sydney, the S&P/ASX 200 increased by 0.40%.

The best performers of the trading in the S&P/ASX 200 were Silver Lake Resources Ltd, which soared 7.29% or 0.090 points to trade at 1.325 at the close.

Meanwhile, Jumbo Interactive Ltd inched up 5.57% or 0.820 points to end at 15.550. Gold Road Resources Ltd also strengthened 5.02% or 0.060 points to 1.255 in late trading.

On the flip side, the worst performers of the trading in the stock market were AusNet Services Ltd, which declined 1.98% or 0.035 points to trade at 1.730 at the close.

Moreover, GWA Group Ltd dropped 1.73% or 0.060 points to end at 3.400. Beach Energy Ltd was also down at 1.15% or 0.030 points to 2.570.

Rising stocks outnumbered dwindling ones on the Sydney Stock Exchange by 694 to 385, and 312 ended untouched.

The S&P/ASX 200 VIX measuring the implied volatility of S&P/ASX 200 options, was up and around at 2.24% to 10.954.

Meanwhile, February delivery of gold futures was down 0.08% or 1.25 to $1513.15 a troy ounce.

Updates On Commodities Trading

Elsewhere in commodities trading, Crude oil for delivery in February grew 0.23% or 0.14 to hit $61.82 a barrel as well as the February Brent oil contract soared 0.15% or 0.10 to trade at $68.02 a barrel.

Oil prices increased, hitting three-month highs. It was after data demonstrated a record online spending by U.S. consumers, fueling confidence in the world’s no. 1 economy.

The matter happened even before the expected end of the trade war between Washington and Beijing.

Brent crude futures were also up by 6 cents, or 0.1%, at $67.98 a barrel. It was after soaring to as high as $68.10, the sharpest since September.

On the other side, the West Texas Intermediate contract strengthens by 11 cents, or 0.2%, at $61.79 a barrel.

Last Thursday, a survey confirmed that online holiday acquisitions by U.S. consumers achieved a record.

The poll has been beating analysts’ prospects and delivering U.S. stocks to fresh.

A chief Asia market strategist at AxiTrader, Stephen Innes, indicated that the U.S. consumers are “showing few signs of tightening their purse strings, which is positive for oil also.”