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Australia shares climb, on track for hefty weekly gain SYDNEY/WELLINGTON: Australian shares climbed 0.8 percent on Friday, underpinned by financials after encouraging US economic data soothed global growth worries, putting the index on track for the largest weekly gains in two months.The S&P/ASX 200 index leapt 40.4 points to 5,295.3 by 01:48 GMT. The benchmark ended 0.2 percent higher on Thursday and looks set to show a 2 percent gain for the week."It is the first week of improvement in eight weeks, but the trend is still in a downward trajectory," said Steven Daghlian, a market analyst at Commonwealth Bank of Australia. He said investors were firmly fixed on comments from the U.S central bank, rather than profit results.The Australian benchmark index has slumped around 6 percent since September, weighed by a rise in bond yields and worries about slowing growth in China, Australia's largest export market.Daghlian cautioned that weakness in China's economic growth data due out next week ...

Australia shares rebound as investors chase banks, but resources slump SYDNEY: Australian shares rebounded from a steep loss to finish 0.2 percent higher on Thursday as investors bought into recently battered financial stocks, though global growth concerns dented the resources sector and tempered gains. The S&P/ASX 200 index added 9.3 points to 5,254.9 at the close of trade after hitting a session low of 5,162.4. The benchmark rose 0.7 percent on Wednesday.Iron ore producer Fortescue Metals Group Ltd tumbled 6 percent after saying its average ...
Australia shares lose 1pc on global growth fears, gold ticks higher SYDNEY/WELLINGTON: Australian shares slid 1.1 percent on Thursday after US stocks lost ground as investors continued to fret about global growth, though a recovery among gold producers prevented steeper losses.Among the worst performing sectors were basic materials and industrials, which fell 2.3 percent and 1.5 percent each. Among miners, Fortescue Metals Group Ltd tumbled 4.7 percent, BHP Billiton Ltd declined 2.3 percent, and Rio Tinto Ltd dropped 2 percent. Australia's flagship airliner Qantas Airways Ltd ...
Australia shares buoyed by consumer sentiment, energy stocks weigh SYDNEY/WELLINGTON: Australian shares rose 0.3 percent on Tuesday, underpinned by stronger consumer sentiment and tracking Wall Street higher, but weak energy shares tempered broader gains.Investors bought into battered mining and financial stocks.Three of the 'Big Four' banks gained, with Westpac Banking Corp adding 0.4 percent and Commonwealth Bank of Australia up 1.1 percent. Australia and New Zealand Banking Group bucked the trend, shedding 0.1 percent.A measure of Australian consumer sentiment rose in October, steadying from ...
Australia shares rebound on resources sector as iron ore posts modest rise SYDNEY: Australian shares recovered 0.7 percent on Tuesday, underpinned by a recovery in the resources sector as iron ore, copper and other base metals clawed higher, though a dip in a business survey kept some investors wary.The resource sector rallied 2.2 percent as it posted a recovery after being routed since early September by a slump in iron ore prices.Iron ore for immediate delivery to China <.IO62-CNI=SI> rose 4 percent to $83.10 a tonne.BHP Billiton ...
Australia shares close off session lows, miners buoyed by China SYDNEY: Australian shares shed 0.6 percent on Monday to their lowest since February, squeezed by uncertainty over the outlook for banks, while an uptick in trade data from China helped support the resource sector. China's export and import performance in September easily beat forecasts, helping to ease concerns about deteriorating domestic demand in Australia's largest export market. The S&P/ASX 200 index lost 32.8 points to 5,155.5 at the close of trade, after hitting an intraday ...
Australia shares slip on banks, investors eye China trade data SYDNEY/WELLINGTON: Australian shares dropped 0.5 percent on Monday to their lowest point since early February, squeezed by uncertainty over the outlook for banks as investors exercised caution ahead of key trade data from China, Australia's largest export market. The S&P/ASX 200 index lost 28.5 points to 5,159.8 by 0111 GMT, recovering from session lows of 5,122.0. The benchmark lost 2.1 percent on Friday. Ahead of numbers on China's September trade balance, banks led the way ...


Index Closing Chg%
Arrow DJIA 17,810.06 0.51
Arrow Nasdaq 4,712.97 0.24
Arrow S&P 2,063.50 0.52
Arrow FTSE 6,750.76 1.08
Arrow DAX 9,732.55 2.62
Arrow CAC-40 4,347.23 2.67
Arrow Nikkei 17,357.51 0.33
Arrow H.Seng 23,437.12 0.37
Arrow Sensex 28,334.63 0.95

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