From Financial Modeling Prep: 2024-10-15 02:55:06

The Australian stock market closed higher, with the S&P/ASX 200 index up 0.79%, driven by gains in mining, energy, and financial sectors. Global market optimism and strong commodity prices, especially for iron ore, supported the market’s performance.

Major mining companies like BHP and Rio Tinto benefited from global demand, while banks saw increased investor interest due to stable economic conditions and rising interest rates. Australian energy companies remained stable despite global oil price pressures.

Investors are focusing on upcoming earnings reports and commodity price movements, with the mining sector expected to continue supporting the market. Financial Modeling Prep (FMP) APIs provide tools for investors to analyze financial reports and industry-specific price-to-earnings ratios for informed decision-making.



Read more at Financial Modeling Prep:: Australia Stocks Higher at Close of Trade: S&P/ASX 200 Up 0.79%