09292016Thu
Last update: Thu, 29 Sep 2016 06am

Australia

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 points, to finish the session at 7,329.20.Copyright Reuters, 2016 ...

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 ...

Markets - Equity - Australia

Australia shares end near 1-year high on rate cut hopes, NZ declines SYDNEY: Australian shares rose to their highest level in nearly a year on Wednesday as gains in commodity prices lifted resources stocks and soft inflation data boosted hopes of an interest rate cut, while New Zealand shares slipped. The S&P/ASX 200 index nudged up 2.2 points, or 0.04 percent, to 5,539.7 at the close of trade, its highest finish since Aug. 6, 2015.New Zealand's benchmark S&P/NZX 50 index fell 8.5 points, or 0.1 percent, to ...

Markets - Equity - Australia

Australia shares set to open marginally higher, NZ shares fall SYDNEY: Australian shares are set to open higher on Wednesday as a stronger Wall Street pushes the index towards a near one-year high.The local share price index futures rose 0.2 percent to 5,503, a 33.5-point discount to the underlying S&P/ASX 200 index close.New Zealand's benchmark S&P/NZX 50 index fell 0.14 percent in early trade. Copyright Reuters, 2016 ...

Markets - Equity - Australia

Australia shares look flat as NZ shares edge lower SYDNEY: Australian shares look set for a flat start to trading on Tuesday, tracking Wall Street's retreat from record highs overnight.Local share price index futures rose by just 1 point to 5,848, a 49.6-point discount to the underlying S&P/ASX 200 index close.The benchmark rose 0.64 percent on Monday.New Zealand's benchmark S&P/NZX 50 index edged lower in early trade, falling 17.41 points or 0.24 percent to 7.299.9.Copyright Reuters, 2016 ...