Wednesday, 19 June 2013 14:07
Posted by Shoaib-ur-Rehman Siddiqui
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 debt, in a deal that may eventually put one of the country's biggest independent coal miners into play.But News Corp tumbled 6.9 percent to a 2-1/2-month low as investors factored in its demerger.The S&P/ASX 200 index finished 47.1 points higher at 4,861.4 in subdued trade with some 633 million shares changing hands."Traders have been positioning for a QE-friendly stance from Bernanke," said Tim Waterer, senior trader at CMC Markets."While the ASX200 undoubtedly enjoyed a productive session, if Bernanke does not tell the market what ...
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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 debt, in a deal that may eventually put one of the country's biggest independent coal miners into play.But News Corp tumbled 6.9 percent to a 2-1/2-month low as investors factored in its demerger.The S&P/ASX 200 index finished 47.1 points higher at 4,861.4 in subdued trade with some 633 million shares changing hands."Traders have been positioning for a QE-friendly stance from Bernanke," said Tim Waterer, senior trader at CMC Markets."While the ASX200 undoubtedly enjoyed a productive session, if Bernanke does not tell the market what ...
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 Whitehaven Coal Ltd surged 8.1 percent after Australian tycoon Nathan Tinkler sold nearly half his stake. ...
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 make changes after recently outlining plans to address the concerns ...
