Australian Stocks Strengthens After Stock Trading

Today, Australian stocks elevated after the close of the stock market. It is after profits in Healthcare, Financials, and IT sectors led shares above average.

Moreover, the S&P/ASX 200 increased by 0.04% in the stock trading at the close in Sydney.

On the S&P/ASX 200, the greatest performers of the trading session were Downer Edi Ltd that grew 5.69% or 0.410 points to trade at 7.610 at the close.

The Netwealth Group Ltd also inched up 5.13% or 0.40 points to end at 8.20.

It is together with Pinnacle Investment Management Group Ltd that added 4.34% or 0.20 points to 4.81 in late trade.

On the flip side, the poorest performers of the session were Insurance Australia Group Ltd that declined 5.44% or 0.420 points to trade at 7.300 at the close.

Technology One Ltd also inched down 4.99% or 0.44 points to end at 8.37 as well as Cooper Energy Ltd that decreased 4.96% or 0.030 points to 0.575.

Meanwhile, escalating stocks outnumbered dwindling ones on the Sydney Stock Exchange by 576 to 548, and 385 ended untouched.

On the other side, the S&P/ASX 200 VIX, which measures the implied volatility of S&P/ASX 200 options, inched down 1.67% to 11.951.

European Stock Markets To Strengthen Amid Spread of Virus

Elsewhere, European stock markets are set to strengthen today. They will be on support by an easing of pressures containing the deadly coronavirus in Asia overnight.

The stocks are with a more positive tone at the close on Wall Street.

France’s CAC 40 futures were ahead 3 points or 0.1%. The FTSE 100 futures contract in the U.K. also climbed 2 points or 0.1%.

On the flip side, the DAX futures contract traded 3 points, or 0.1%, at a low level.

In addition, the futures on the pan-eurozone index, the Euro Stoxx 50, were dull.

As of January 23, the total cases of patients affected by the new virus has gone up to 830 in China.

Meanwhile, the death toll from the virus has grown to 25, according to the National Health Commission on Friday.

However, the World Health Organization prohibited the short calling of outbursts as a global health emergency on Thursday.

At a briefing in Geneva, Tedros Adhanom Ghebreyesus, the WHO’s director-general, stated, “Make no mistake, this is an emergency in China, but it has not yet become a global health emergency.”

He added, “It may yet become one.”

Markets in mainland China and South Korea are still closed.

On the other side, Hong Kong closed in the early hours for the lunar new year holidays. It is with the Hang Seng Index below just 8 points, or 0.1%.