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FINWIRES

ASX Midday Sector Update: Consumer Staples Gain, Energy Stocks Slide

-- Consumer staples stocks were advancing about 0.5% in midday trading Tuesday, posting a very thin lead over gains for information technology shares.

Woolworths Group (ASX:WOW) was up nearly 1% and Coles Group (ASX:COL) rose less than 1%.

On the flip side, energy stocks were down 1% as oil prices trended lower amid hopes that Iran will join a second round of peace negotiations with the US.

Woodside Energy Group (ASX:WDS) was shedding almost 2%, while Santos (ASX:STO) was down more than 1%.

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UK's Annual Producer Input, Output Prices Jump in March

Producer input prices in the UK increased 5.4% year over year in March, following a revised 0.7% gain in February, data from the Office for National Statistics showed Wednesday.Meanwhile, producer output or factory gate prices jumped 2.6% annually, against the revised 1.8% rise earlier.On a monthly basis, producer input prices climbed 4.4% in March, compared with the revised 0.9% increase previously and the forecast of a 2.8% gain. Monthly factory gate prices edged up 0.9%, versus a 0.5% decline earlier and a projected 1% growth.

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Far East Smarter Energy's Attributable Profit Jumps 110% in Q1; Shares Surge 9%

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