Archives of Australia

1. TSX slumps as Fed mulls stimulus exit

   2013-06-19 20:58:15 GMT : (Markets - Equity/Australia)

   TORONTO: Canada's main stock index slipped on Wednesday after comments by the US Federal Reserve that it could begin rolling back its stimulus program this year weighed on investor sentiment and caused declines across most sectors.Fed Chairman Ben Bernanke said the US central bank expects to slow the pace of its bond purchases later this year and bring them to a halt around mid-2014.Financial ...

2. Australia shares close at a 2 week high, Whitehaven jumps

   2013-06-19 09:07:51 GMT : (Markets - Equity/Australia)

   SYDNEY: Australian shares rose 1 percent to close at a two-week high on Wednesday, helped by expectations that the US Federal Reserve will not move quickly to scale back its monetary stimulus and as a weaker Australian dollar lifted stocks with large exposure to overseas markets.Whitehaven Coal Ltd surged 4 percent after embattled tycoon Nathan Tinkler has handed his stake in to lenders to pay off...

3. Australian shares rise 0.5pc at open; Whitehaven surges

   2013-06-19 00:27:26 GMT : (Markets - Equity/Australia)

   SYDNEY: Australian shares bounced 0.5 percent early on Wednesday, after Wall Street rose for a second straight day as investors bet the Federal Reserve will maintain its stimulus support.A weaker Australian dollar also benefited stocks with overseas exposure including global miners BHP Billiton Ltd and Rio Tinto Ltd, which climbed 0.9 percent and 1.5 percent respectively.Shares in coal miner White...

4. Fed optimism, Tim Hortons lift TSX to 1-week high

   2013-06-18 21:23:29 GMT : (Markets - Equity/Australia)

   TORONTO: Canada's main stock index climbed to a one-week high on Tuesday as positive economic data and hopes that the US Federal Reserve will stick to its supportive monetary policy drove gains in almost every major sector.Coffee chain Tim Hortons Inc also boosted Canada's main stock index rising 4 percent on news that it now faces pressure from US hedge fund Scout Capital Management to ma...

5. Fed hopes buoy TSX as bank, energy shares climb

   2013-06-17 22:59:34 GMT : (Markets - Equity/Australia)

   TORONTO: Canada's main stock index jumped on Monday as hopes that this week's Federal Reserve meeting would reaffirm support for the US central bank's easy monetary policy spurred sharp gains in shares of financial and energy companies.The rise helped the market recover from its 1.5 percent loss last week, but the index remained in negative territory for the year.As with global equity ...

6. Australia shares post biggest one-day gain in 18 months

   2013-06-14 06:33:40 GMT : (Markets - Equity/Australia)

   SYDNEY: Australian shares rebounded 2.1 percent on Friday, their biggest one-day gain in 18 months, as high-yielding stocks led by blue chip financials underpinned the local market after Wall Street rallied overnight.Financials were led by National Australia Bank soaring 3.6 percent while Australia's fourth largest bank, Australia and New Zealand Banking Group climbed 3 percent.The S&P/ASX...

7. TSX rallies on news of Safeway deal

   2013-06-13 22:52:23 GMT : (Markets - Equity/Australia)

   TORONTO: Canada's main stock index rebounded on Thursday after days of weakness as worries about central bank stimulus were offset by a jump in Empire Co Ltd , which is buying Safeway Inc's Canadian assets for $5.7 billion.The Toronto Stock Exchange's S&P/TSX composite index ended the day up 167.24 points, or 1.38 percent, at 12,277.13, recovering from a seven-week low early in the...

8. Safeway deal helps TSX bounce strongly from 7-wk low

   2013-06-13 22:50:10 GMT : (Markets - Equity/Australia)

   TORONTO: Canada's main stock index rebounded on Thursday following two sessions of steep losses, helped by a jump in Empire Co Ltd after the company said it will buy Safeway Inc's Canadian assets for $5.7 billion.Shares of Empire, the operator of grocery chain Sobeys, jumped nearly 10.6 percent after investors and analysts cheered the move, which will nearly double the company's reach ...

9. Australia shares fall 0.7pc to 5 month low as banks drag

   2013-06-12 07:02:50 GMT : (Markets - Equity/Australia)

   SYDNEY: Australian shares fell 0.7 percent on Wednesday, closing at a five-month low, as a global fall for equities and disappointment that the Bank of Japan did not take new easing steps the previous day hurt appetites.Financials led losses as overseas investors sold off index-heavy banks on the back of the weaker Australian dollar and higher bond yields, analysts said.The S&P/ASX 200 index d...

10. Indian shares fall over one percent

    2013-06-11 11:51:35 GMT : (Markets - Equity/Australia)

    MUMBAI: India's benchmark index fell more than 1 percent on Tuesday to its lowest close in more than 1-1/2 months, as the rupee tumbled to a record low, continuing to hit lenders such as ICICI Bank on dashed rate cut hopes.While suspected central bank intervention hauled the rupee off a record low struck on Tuesday afternoon, its continued weakness is seen clouding rate cut expectations, and s...

11. TSX at 1-month low on weaker golds

    2013-06-07 20:37:59 GMT : (Markets - Equity/Australia)

    TORONTO: Canada's main stock index slipped to a one-month low on Friday as a slump in gold miners, which followed a tumbling bullion price, offset strength in several other sectors after a positive US jobs report.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 36.03 points, or 0.29 percent, at 12,373.30. Seven of the 10 main sectors on the index were highe...

12. Australia shares may edge up at open, on track for weekly loss

    2013-06-06 23:57:45 GMT : (Markets - Equity/Australia)

    SYDNEY: Australian shares may edge up at the open on Friday following a stronger close on Wall Street ahead of the US jobs report, but the market is set to post a fourth straight weekly fall.* Local share price index futures added 0.1 percent to 4,786.0, a 4.8 point premium to the underlying S&P/ASX 200 index close. On Thursday, the benchmark fell 1.1 percent to a 4-1/2-month low to be down ne...

13. TSX falls to 1-month low as US jobs data eyed

    2013-06-06 23:42:34 GMT : (Markets - Equity/Australia)

    TORONTO: Canada's main stock index slipped on Thursday to its lowest in a month, led by a decline in financial shares, as investors nervously awaited Friday's jobs report out of the United States.The Toronto Stock Exchange's S&P/TSX composite index unofficially closed down 34.32 points, or 0.28 percent, at 12,409.33. Seven of the 10 main sectors on the index were in the red.Copyrig...

14. Australia shares seen extending losses on Fed stimulus worries

    2013-06-05 23:44:42 GMT : (Markets - Equity/Australia)

    SYDNEY: Australian shares are set to open lower on Thursday, extending losses after touching a 4-1/2-month low and tracking a decline on Wall Street on renewed worries the Federal Reserve may begin to scale back its bond-buying stimulus.Local share price index futures fell 1 percent to 4,784.0, a 51.2-point premium/discount to the underlying S&P/ASX 200 index close.The local benchmark slumped ...

15. TSX drops to near 1-month low on US growth, Fed fears

    2013-06-05 23:12:26 GMT : (Markets - Equity/Australia)

    TORONTO: Canada's main stock index recorded one of its steepest one-day percentage falls of the year on Wednesday due to concerns about US economic growth, sluggish hiring, and renewed fears of a stimulus pullback.The declines took the market to a one-month low, with weakness in almost all key sectors, and helped erase almost all the gains the index has made this year.The lone bright spot was ...

16. Australia shares seen opening lower ahead of GDP data

    2013-06-04 23:38:32 GMT : (Markets - Equity/Australia)

    SYDNEY: Australian shares are expected to open weaker after losses on Wall Street and on concerns about Chinese demand for metals, with GDP data expected to show a slowdown in mining investment kept growth below potential at the start of the year.   Local share price index futures fell 0.4 percent to 4,879, a 21.8-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0....

17. Data pulls TSX lower as energy shares, banks slip

    2013-06-04 00:04:27 GMT : (Markets - Equity/Australia)

    TORONTO: Canada's main stock index slipped to its lowest in more than two weeks on Monday after sluggish data raised concerns about half of the global economic recovery and caused declines in the energy and financial sectors.Weakness in Canadian Natural Resources Ltd, following a downgrade of the stock by Goldman Sachs, also weighed on the market.US manufacturing activity contracted in May for...

18. Australia shares seen lower; eyes on China, local data

    2013-06-02 23:02:31 GMT : (Markets - Equity/Australia)

    SYDNEY: Australian shares are set to open lower on Monday after a sharp fall on Wall Street and weaker metals prices, with eyes on Chinese data and a slew of local economic figures.Local share price index futures fell 1.7 percent to 4,876.0, a 50.6-point discount to the underlying S&P/ASX 200 index close. The benchmark slipped 0.1 percent on Friday.New Zealand's stocks market is closed for...

19. Australia shares edge up on yield play; Cabcharge, Pharmaxis tumble

    2013-05-28 07:40:29 GMT : (Markets - Equity/Australia)

    SYDNEY: Australian shares ended 0.2 percent higher on Tuesday, snapping a five-day losing streak, as investors returned to pick up high-yield stocks such as banks following last week's downturn.The benchmark S&P/ASX 200 index added 10.8 points to 4,970.7, according to the latest data. It fell 0.5 percent on Monday.Analysts said the 4,900-point mark was a key support milestone to watch, wit...

20. Australian shares post 5th straight decline, miners sag

    2013-05-27 08:56:26 GMT : (Markets - Equity/Australia)

    SYDNEY: Australian shares fell 0.5 percent on Monday, extending last week's sharp declines to a five-week low as sentiment was hit by volatility in the Japanese market and concerns the US Federal Reserve may scale back its stimulus measures.Japan's Nikkei share index slid more than three percent on Monday, in a continuation of last week's turbulance and causing investors to worry that ...