07252016Mon
Last update: Mon, 25 Jul 2016 08pm

Australia

Markets - Equity - Australia

Australia, NZ shares rise, but global jitters undermine gains MELBOURNE/WELLINGTON: Australian shares rebounded off a two-month low on Thursday thanks mostly to miners, as the U.S. dollar fell and gold prices rose after the Federal Reserve lowered its economic growth forecasts for this year.The S&P/ASX 200 index picked up 15.24 points, or 0.3 percent, to 5,162.30 by 0401 GMT, recouping just a third of Wednesday's losses.Following five straight sessions of losses, the market opened up strongly but pared early gains in a reminder that it is likely to remain volatile for some time amid uncertainty around U.S. and Chinese growth, Britain's future in the European Union and the U.S. election."There's a lot of global issues at the moment. And I think in terms of the investment environment, the fundamentals are deteriorating," said Don Williams, chief investment officer at Platypus Asset Management in Sydney."It's not only volatility, but earnings growth is getting harder and harder to come across as well," ...

Markets - Equity - Australia

Australia shares sink to 2-month lows, NZ boosted by dairy SYDNEY/WELLINGTON: Australian shares dropped to a two-month low on Wednesday hit by falling commodity prices and Brexit concerns, but New Zealand stocks gained helped by strong earnings from a dairy producer.The S&P/ASX 200 index slipped 9.362 points, or 0.2 percent, to 5,193.9 by 0315 GMT. At one point, the index slipped to its weakest since April 19.Financial institutions and major miners led the market lower. The Big Four banks were all down between 0.4 percent ...

Markets - Equity - Australia

Australia, NZ shares slump on Fed, Brexit worries MELBOURNE/WELLINGTON: Australian shares dropped 2 percent on Tuesday to a one-month low while New Zealand fell for a second day tracking declines offshore on worries about U.S. growth and Britain potentially pulling out of the European Union.The S&P/ASX 200 index slid 114 points, or 2.2 percent, to 5,198.50 by 0341 GMT, in a sea of red following a long weekend.Banks, major miners and energy stocks led the market down. The big four banks were all ...

Markets - Equity - Australia

Australia shares fall 0.9pc, post second straight weekly loss SYDNEY: Australian shares fell 0.92 percent on Friday, reflecting broad-based losses across all sectors and tracking a selloff across global equities on heightened risk aversion. The S&P/ASX 200 index was down 49.34 points at 5,312.6 at the close of trade, its biggest daily percentage drop since June 1. The benchmark slipped 0.12 percent this week, its second consecutive weekly loss.New Zealand's benchmark S&P/NZX 50 index was steady at 6,971.78.Copyright Reuters, 2016 ...

Markets - Equity - Australia

Australia shares end down, banks weigh; NZ at 2-week lows MELBOURNE: Australian shares slipped 0.15 percent on Thursday, dragged down by banks and losses at packaging company Amcor Ltd which flagged that it may close some plants.The S&P/ASX 200 index edged down 8.1 points to 5361.9 points at the close of trade, with losses across most Asian equities adding to the downbeat mood. The benchmark closed barely changed on Wednesday.New Zealand's benchmark S&P/NZX 50 index hit the lowest in two weeks at 6967.97, before ending ...

Markets - Equity - Australia

Australia shares fall as rate views hit banks, NZ also down SYDNEY/WELLINGTON: Australian shares snapped a three-day winning streak on Wednesday as investors sold bank stocks amid concerns the central bank may put off cutting rates again this year, while New Zealand shares also sagged.As expected, the Reserve Bank of Australia (RBA) kept rates on hold on Tuesday, but investors interpreted its commentary as generally upbeat, a sign it may dash hopes of a second cut in 2016.Bank stocks are seen as rival investments to bonds ...

Markets - Equity - Australia

Australia shares up ahead of central bank policy review; NZ steady SYDNEY/WELLINGTON: Australian shares rose 0.5 percent on Tuesday as resources and energy firms benefited from rising commodity prices and optimism on Wall Street after Federal Reserve Chair Janet Yellen gave an upbeat assessment of the U.S. economy.Investors were also watching out for the Reserve Bank of Australia's (RBA) monthly policy outcome due out later in the session. The central bank is seen certain to hold rates at a record low of 1.75 percent following a ...