01222017Sun
Last update: Sun, 22 Jan 2017 03pm

Australia

Markets - Equity - Australia

Australia, New Zealand shares rally with banks leading gains SYDNEY/WELLINGTON: Australian shares rallied on Monday, tracking Wall Street's positive lead with banks, miners and energy companies leading gains, while New Zealand stocks were near last week's record high.The S&P/ASX 200 index climbed 0.9 percent, or 49.29 points, to 5,546.7 by 0252 GMT, not far from its highest since August 2015.The benchmark fell 1.2 percent last week, after three consecutive weeks of gains. The index is up nearly 4 percent this year.Financial shares bounced following last week's losses when the Reserve Bank of Australia cut its cash rate."The big story today really is the banks, nearly two-thirds of the increase in the index today is due to the financials," said James McGlew, executive director of corporate stockbroking at Perth broker Argonaut."Quite clearly there's an expectation following last week's rate drop that their margins aren't going to be squeezed as tightly as markets were originally thinking," he said, adding that bank ...

Markets - Equity - Australia

Australian and New Zealand shares follow Wall Street higher SYDNEY/WELLINGTON: Australian shares rose on Thursday, taking a lead from Wall Street and defying weaker-than-expected retail sales numbers, while New Zealand shares edged higher.The S&P/ASX 200 index rose 0.4 percent, or 22 points, to 5,487.2 by 0316 GMT. But the benchmark remained near two-week lows, after touching a one-year high above 5,600 earlier in the week."What we're seeing is natural profit taking at 5,600," said senior analyst Gary Burton at First Prudential Markets."It doesn't seem ...

Markets - Equity - Australia

Australia shares plumb two-week low; NZ shares slip MELBOURNE: Australian shares fell 1.4 percent on Wednesday as concerns over wholesale funding of the country's financial sector pushed the benchmark index to a two-week low.The S&P/ASX 200 index finished at 5,465.70 points at the close of trade, the weakest since July 20, notching up a loss of 74.94 points. The benchmark fell 0.8 percent on Tuesday, snapping a six-session run of gains.New Zealand's benchmark S&P/NZX 50 index fell 0.7 percent or 51.8 points to ...

Markets - Equity - Australia

Australia, NZ shares fall amid rate cut, oil price drop SYDNEY: Australian and New Zealand shares took a hit on Tuesday amid falling oil prices and a rate cut by the Reserve Bank of Australia that dragged down banking stocks.The S&P/ASX 200 index dropped 0.84 percent, or 46.89 points, to 5,540.50 at the close of trade after Australia's central bank cut its cash rate a quarter point to an all-time low of 1.5 percent.New Zealand's benchmark S&P/NZX 50 index slipped by 0.37 percent, or 27.43 ...

Markets - Equity - Australia

Australia shares end at near 1-year high as interest rate decision looms SYDNEY: Australian shares rallied to a near one-year high on Monday, as growing speculation of a rate cut by the Reserve Bank of Australia this week drove more investors out of bonds and into equities.The S&P/ASX 200 index ended up 25 points, or 0.45 percent, at 5,587.4.The central bank will hold its monthly policy meeting on Tuesday, and a majority of economists expect an interest rate cut of 25 basis points to a new low ...

Markets - Equity - Australia

Australia shares set for cautious start, NZ edges lower SYDNEY: Australian shares looked set to open marginally higher on Friday, as Wall Street edged upward overnight as well as a rally in the price of Australia's biggest export, iron ore.The local share price index futures rose 0.1 percent to 5,525. But that was a 31.6-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.3 percent on Thursday, reaching within a whisker of a one-year high.New Zealand's benchmark S&P/NZX 50 index fell ...

Markets - Equity - Australia

Australia shares set for cautious start, NZ dips SYDNEY: Australian shares looked set for a cautious start after Wall Street ended flat and commodity prices had a mixed session, though month-end demand could offer support.The local share price index futures rose 0.2 percent to 5,511. The underlying S&P/ASX 200 index had nudged up a bare 0.04 percent on Wednesday to 5,539.7, though that was its highest finish since August, 2015.While iron ore prices gained 1 percent overnight, oil and base metals took a ...