12042016Sun
Last update: Sun, 04 Dec 2016 07pm

Australia

Markets - Equity - Australia

Australian shares end 3.34pc higher SYDNEY: Australian stocks surged more than three percent Thursday in one of their best sessions for years on the back of a commodity rally with investors betting US president-elect Donald Trump will pursue business-friendly policies.At the close, the S&P/ASX 200 was up 3.34 percent, or 172.2 points, at 5,328.8, following global markets higher after the Republican candidate's shock win over Hillary Clinton.CMC Markets strategist Michael McCarthy said it appeared a consensus was building "that much of the policy announced during the campaign was a sales pitch rather than a commitment to act"."Investors ignored the potential for damage to international trade and growth prospects and focused on Republican control of both houses of Congress as well as the White House."This offers the prospect of reform that could stimulate the US economy," he added.The Sydney market last posted such gains in October 2011, with IG Markets chief strategist Chris Weston saying it ...

Markets - Equity - Australia

Australian shares set to rise as odds favour Clinton; NZ up SYDNEY: Australian shares are likely to edge higher on Wednesday, tracking a solid session on Wall Street as the odds tilted towards Democrat nominee Hillary Clinton winning the US presidential election.The local share price index futures rose 0.5 percent or 24 points to 5,269, trading at a 0.2 percent premium to the underlying S&P/ASX 200 index close. The benchmark finished marginally higher on Tuesday.US market participants cited projections which showed Clinton with an early lead ...

Markets - Equity - Australia

Australia's stock exchange to open on Tuesday after technology glitch SYDNEY: The Australian Securities Exchange said it will open as normal on Tuesday after a technology glitch in the previous session disrupted trading. A hardware failure in its main database on Monday meant opening was delayed by more than an hour and cut short the afternoon trading by about 90 minutes. But in a statement of its website, the ASX said trading on its equity market would open on Tuesday as normal, to the relief ...

Markets - Equity - Australia

Australia shares close lower ahead of US jobs data; NZ flat SYDNEY: Australian shares closed lower for a third consecutive session on Friday as the prospect of strong US jobs data, which could help seal the deal for a Federal Reserve rate rise in the near term, kept investors on tenterhooks. The S&P/ASX 200 index finished 42.76 points, or 0.8 percent, lower at 5372.8. The benchmark, which closed 0.3 percent lower on Thursday, lost about 2.6 percent, or 142.67 points, on the week.Aged care facilities operator ...

Markets - Equity - Australia

Australia shares set for guarded start, NZ flat SYDNEY: Australian shares set for cautious start after a soft finish on Wall Street and ahead of a long-awaited speech by the head of the Federal Reserve that could clarify the outlook for US interest rates.The local share price index futures rose 0.1 percent to 5,518 in early trade. The underlying S&P/ASX 200 index gave up 0.36 percent, or 19.77 points, to close at 5,541.90 on Thursday.New Zealand's benchmark S&P/NZX 50 index was down 0.13 ...

Markets - Equity - Australia

Australia shares poised for flat start, NZ at record highs SYDNEY: Australian shares are likely to start mostly unchanged on Tuesday as they track Wall Street, but a drop in metals and oil prices overnight are expected to weigh on the benchmark index.Local share price index futures slipped 0.1 percent to 5,494 points, a 21.1 point discount to the underlying benchmark, which lost 0.21 percent on Monday.Caltex Australia and Oil Search report half-year figures.New Zealand's benchmark S&P/NZX 50 index hit another record high of 7,481.0 ...

Markets - Equity - Australia

Miners lift Australian bourse at the close, NZ ticks higher SYDNEY: Australian shares gained 0.3 percent on Friday, led higher by mining stocks, while telcos helped take the New Zealand bourse higher. The Australian S&P/ASX 200 index rose 18.88 points to 5,526.70 at the close of trade. The benchmark was 0.1 percent lower for the week.New Zealand's benchmark S&P/NZX 50 index rose 0.27 percent or 20.13 points to finish the session at 7,405.25, up 0.6 percent for the week.Copyright Reuters, 2016 ...