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Australia shares give up gains as banks end rally, iron ore prices down SYDNEY: Australian shares gave up early advances to be lower by mid-session on Thursday as investors sold down banks before they trade ex-dividend and falling iron ore prices dragged down miners.An unusual move by the Australian Bureau of Statistics to re-state past employment data also weighed on sentiment, traders and economists said, because it raised doubts about the veracity of official jobs data.Stocks rallied at the open on hopes that a sweeping Republican mid-term election victory might inject momentum into the United States economy, but quickly retreated as investors cashed in on bank stocks before several banks trade ex-dividend next week."People are taking profits because the banks have rallied pretty hard from early October," said Quay Equities head of trading Tristan K'Nell."A few of them are probably seeing that the profit that they make from the trades is better than the risk of holding the stock into ex-dividend."Largely unsurprising monthly ...

Australia and NZ shares close lower on falling commodities, China concerns SYDNEY: Australian shares ended Wednesday's session a tick lower after falling commodity prices and concerns about China's economic health weighed on sentiment. The S&P/ASX 200 index dipped 2 points, or 0.04 percent, to 5,517.9 at the close of trade, pulling away from a two-month peak set on Monday. Energy and utilities suffered the most with around 1 percent in losses, while iron ore miners added to the pain. Financial sector stocks eked out a small ...
Australia & NZ stocks pop higher, on track for hefty monthly gains SYDNEY/WELLINGTON: Australian shares rose to a seven-week peak, while New Zealand stocks hit a fresh record high on Friday, after encouraging US growth data boosted risk appetite, putting them on track for hefty gains this month.The S&P/ASX 200 index rallied 24 points to 5,500.6 by 0221 GMT, having climbed as far as 5,514.2, its highest since mid-September. The benchmark has rebounded 4.1 percent this month, following a near 6 percent tumble in September.The move higher ...
Australia shares seen with a cautious start SYDNEY: Australian shares are set to have a muted start on Thursday following disappointing results from the country's fourth lender by market value.National Australia Bank said annual cash profit fell almost 10 percent, its second drop in three years, hit by writedowns for its troubled UK business.A small dip on Wall Street after the Federal Reserve ended its stimulative monthly bond-buying program and expressed confidence in US economic prospects is also likely to weigh on ...
Australia shares end flat ahead of bank results SYDNEY: Australian shares pared early gains to end flat on Wednesday as investors overlooked strong advances on Wall St and instead opted for caution before earnings reports from Australia's top banks later in the week.The S&P/ASX 200 index fell 0.1 percent or 4.9 points to 5,447.7, the same percentage fall as the previous day.New Zealand's benchmark NZX 50 index added 0.3 percent or 17.54 points to finish the session at 5355.88.Copyright Reuters, 2014 ...
Australia shares seen ticking higher on Wall St, caution on banks, US Fed SYDNEY: Australian shares are set to rise modestly on Wednesday, hovering around six-week highs after Wall Street jumped overnight, though trading may be cautious ahead of full year results from Australia's top banks later in the week. Investors are also eyeing the US Federal Reserve's two-day policy meeting, where it is likely to reinforce expectations it will wait a long while before rising interest rates, although the Fed is all but certain to announce the ...
Australia shares up on firm resources, JB soars on higher sales, new stores SYDNEY/WELLINGTON: Australian shares edged higher on Wednesday after Wall Street jumped overnight, but the uptick was capped by losses in financial stocks as investors remained cautious before earnings reports from Australia's top banks later in the week.JB Hi-Fi Ltd stole the spotlight, climbing 8.6 percent to one-month highs of A$16.04 after the company said it expects to open a eight new stores in FY 2015, while its year-to-date sales were up 0.5 percent.The broader market ...


Index Closing Chg%
Arrow DJIA 17,828.24 0.01
Arrow Nasdaq 4,791.63 0.09
Arrow S&P 2,067.56 0.25
Arrow FTSE 6,722.62 0.01
Arrow DAX 9,980.85 0.06
Arrow CAC-40 4,390.18 0.18
Arrow Nikkei 17,459.85 1.23
Arrow H.Seng 23,987.45 0.07
Arrow Sensex 28,693.99 0.90

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln