02132016Sat
Last update: Sat, 13 Feb 2016 11am

Australia

Markets - Equity - Australia

Australia, NZ shares drop on global jitters, gold stocks shine MELBOURNE/WELLINGTON: Australian and New Zealand shares fell 1 percent on Friday as worries about global growth hauled down most stocks except gold miners, which continued to climb as gold prices surged to a one-year high. The S&P/ASX 200 index was down 49.78 points at 4,772.8 by 0220 GMT, erasing all of the previous session's gains. Analysts and investors said there was no sign of a turnaround given there was little that could drive economic growth, and doubted further steps to ease monetary policy worldwide would have much impact. "The world's suffering from lack of growth, a lack of confidence, and that explains why equity markets are breaking down," said Don Williams, chief investment officer at Platypus Asset Management. Three of the big four Australian banks fell more than 1 percent, while the biggest bank, Commonwealth Bank of Australia held up better, trading unchanged after defying gloom earlier this week with ...

Markets - Equity - Australia

Australia shares hit 2 1/2 year trough, NZ down in line with global rout SYDNEY: Australian shares fell to a 2 1/2-year low on Tuesday, joining a slump in global markets as sliding oil prices weighed on energy stocks and concerns about the health of banks reignited worries over global growth. The S&P/ASX 200 index dropped 143.3 points, or 2.9 percent, to close at 4,832.1, its biggest percentage decline since Sept. 29 and its lowest finish since July 2013. The benchmark is now down 8.7 percent so far this ...

Markets - Equity - Australia

Australian shares close 0.6 percent higher SYDNEY: Australian shares bucked a poor performance by Wall Street to edge 0.6 percent higher on Thursday, aided by a hunt for dividend yield and more merger action.The S&P/ASX 200 index rose to 4976.20 at the close of trade. The benchmark gained 0.6 percent on Thursday.New Zealand's benchmark S&P/NZX 50 index was stable, gaining 0.12 percent or 7.8 points to finish the session at 6,149.70. Copyright Reuters, 2016 ...

Markets - Equity - Australia

Australia shares set to extend rally, NZ stocks up SYDNEY: Australian stocks could open higher on Wednesday following a rebound on Wall Street and with energy firms set to benefit from a jump in oil prices.Stock index futures rose 1.1 percent to 4,953, but were still at a 53.6-point discount to the close of the underlying S&P/ASX 200 index on Monday.The benchmark closed 1.8 percent higher in the last session, ahead of a public holiday on Tuesday.Global miner BHP Billiton is expected to open ...

Markets - Equity - Australia

Australia, NZ shares rise on Europe stimulus hopes, commodities bounce SYDNEY: Australian shares jumped 1.1 percent on Friday, nudging into positive territory for the week as hopes of more stimulus in Europe and rebounds in prices of iron ore and oil buoyed sentiment.In its first two-day winning streak for the year, the S&P/ASX 200 index gained 52.0 points, or 1.1 percent, to finish at 4,916.0, a rise of 0.5 percent for the week. The benchmark is down 7.2 percent so in 2016.New Zealand's benchmark S&P/NZX ...

Markets - Equity - Australia

Australia shares end higher, investors remain wary MELBOURNE: Australian shares ended up 0.5 percent on Thursday as investors piled into battered stocks following recent steep falls, though sentiment remained shaky with many regional markets turning lower.The S&P/ASX 200 index rose by 22.47 points to 4864 points at the close of trade.New Zealand's benchmark S&P/NZX 50 index fell 0.54 percent or 32.8 points to finish the session at 6,080.9. Copyright Reuters, 2016 ...

Markets - Equity - Australia

Australia shares stage rare bounce, dividends in demand SYDNEY/WELLINGTON: Australian shares bounced on Thursday as funds bought beaten down stocks of companies that offer a reliable dividend payment including the major banks.The S&P/ASX 200 index rose 1 percent to 4,893.1 by midday, though that only recovered part of Wednesday's sharp losses.Technically, dealers said the index was deeply oversold having fallen 7.5 percent in less than three weeks, so a bounce was not unexpected. There was also evidence of solid support under the 4,830 ...