02092016Tue
Last update: Tue, 09 Feb 2016 06am

Australia

Markets - Equity - Australia

Australia shares rebound on US optimism, energy stocks down SYDNEY/WELLINGTON: Australian shares staged a broad rebound on Monday as a solid rise in U.S. payrolls cheered investors, but weakness in oil prices weighed on the energy sector.U.S. nonfarm payrolls increased 211,000 in November, a healthy outcome that helped sooth jitters about a U.S. interest rate hike later in the month.The S&P/ASX 200 index rose 49.09 points, or 0.95 percent, to 5,200.70 by 0028 GMT. It was up as much as 1.5 percent earlier in the session.Yet, the benchmark has only managed to reverse some of Friday's 1.5 percent decline, leaving it back in the middle of a well-worn range."There is no clear direction or any real conviction in being short or long," said Evan Lucas, market strategist at IG.With the year-end looming and uncertainty over the effect of the Fed's first rate hike in nearly a decade, many investors are taking a cautious approach.The big four banks were all ...

Markets - Equity - Australia

Australia shares edge lower, but banks lend support SYDNEY: Australian shares edged down 0.15 percent on Wednesday on profit taking, with industrials weighing on the index although top performing banks minimised losses.The S&P/ASX 200 index fell 7.8 points to 5,258.3 at the close of trade. The benchmark rose nearly 2 percent on Tuesday.New Zealand's benchmark NZX 50 index fell 0.12 percent or 7.4 points to finish the session at 6,143.3. Copyright Reuters, 2015 ...

Markets - Equity - Australia

Australia shares poised for weak start tracking Wall Street SYDNEY: Australian shares are set to fall on Thursday, tracking losses on Wall Street, while weak metals and oil prices will likely put pressure on resources and energy-related counters.The local share price index futures fell 0.7 percent, a 36-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.2 percent on Wednesday.Wesfarmers Q1 retail sales are due later in the day.Reserve Bank of Australia assistant governor Malcolm Eddy to speak in Sydney at ...

Markets - Equity - Australia

Australia shares tick sideways as China data fails to inspire SYDNEY: Australian stocks closed flat on Monday as some weak economic figures from China undermined momentum from a massive rally in Westpac Banking Corp.Data showed China's third quarter economic growth slowed to below 7 percent for the first time since the global financial crisis.The S&P/ASX 200 index rose 1.5 points or 0.03 percent to 5,269.7. The benchmark has dropped 2.6 percent in 2015 amid concerns about slowing growth in Australia's biggest trade partner, China. Westpac ...

Markets - Equity - Australia

Australia shares slip 0.5pc but end higher for the week SYDNEY: Australian shares finished 0.5 percent lower in see-saw trading on Friday with broad-based losses as investors looked for direction ahead of next week's US Federal Reserve meeting.The S&P/ASX 200 index extended losses from Thursday, dropping 23.92 points to 5,071.1 points at close. It was up as much as 0.4 percent in late morning trade.Despite Friday's losses, the index ended 0.6 percent higher for the week. The previous week brought a 4.2 percent drop, the ...

Markets - Equity - Australia

Australia shares bounce on M&A deal, NZ stocks edge up SYDNEY: Australian shares bounced off two-week lows on Tuesday as rising United States index futures firmed, while Woodside Petroleum $8 billion takeover approach for Oil Search boosted confidence in energy stocks.The S&P/ASX 200 index gained 84.8 points to 5,115.2 at the close of trade. It jumped 1.7 percent, the biggest daily gain in two weeks. The benchmark eased 0.2 percent on day.New Zealand's benchmark NZX 50 index edged up 0.7 percent or 37.58 points to ...

Markets - Equity - Australia

Australian stocks open up 1.05pc SYDNEY: Australian stocks rose 1.05 percent at the open Friday after a strong rally in the United States, with miners leading the way on the back of a big spike in oil prices.The benchmark S&P/ASX200 index was up 55.2 points at 5,288.5 in early trade, following Wall Street higher after revised US data showed stronger-than-expected US growth in the second quarter.This came on the back of a 5.34 jump in Chinese stocks on Thursday."A strong ...