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Australia shares up; Woodside rallies on Q2 production increase  MELBOURNE: Australian shares rose 1.2 percent on Thursday, led by miners and energy companies, with banks also gaining after encouraging US earnings. Woodside Petroleum jumped 7 percent after it raised its 2012 production target range. Energy firms were also boosted as oil prices hit a seven-week peak, with violence in Syria and tensions with Iran reinforcing geopolitical fears. Some comfort was taken as US Federal Reserve Chairman Ben Bernanke said he did not expect a double-dip recession for the United States, although investors remained uncertain. "I think the expectations are low and the market is nervous. I don't think there's anything that's probably going to change in the immediate term," said Luke Sinclair, an investment manager at Karara Capital. The benchmark S&P/ASX 200 index was up 47 points at 4,170.9 by 0223 GMT. It fell 0.4 percent on Wednesday. New Zealand's benchmark NZX 50 index rose 0.5 percent to 3,490.3 points. Copyright Reuters, 2012 ...

Australia shares ease as miners fall on outlook concerns  MELBOURNE: Australian shares slipped 0.4 percent on Wednesday as top miners fell after production results failed to wow cautious investors and allay fears commodity prices may slide on softer Chinese demand. BHP Billiton dropped 1.6 percent to A$30.29 while rival Rio Tinto declined 2.8 percent to A$52.93, its lowest in six weeks. The falls came despite BHP posting record quarterly iron ore production and guidance for a lift in Australian iron ore output of 5 percent in ...
Australia shares up on hunt for yield, Fortescue dips  MELBOURNE: Australian shares rose 0.9 percent on Tuesday, buoyed by the big four banks and Telstra, as investors worried about flagging global growth moved into stocks with strong dividend yields. A surprise drop in US June retail sales had been expected to weigh on the market, but gains in oil and gold prices shored up most of the resources sector and investors switching to safe-haven stocks boosted the heavyweight banking sector. Commonwealth Bank of Australia, up 1.7 ...
Australia shares rise 0.9pc; Whitehaven soars on bid  MELBOURNE: Australian shares rose 0.9 percent on Monday, led by miners after global markets gained on relief that growth in China, Australia's top trade partner, had not slowed more than expected. Shares in Whitehaven Coal soared as much as 21.1 percent on Monday after coal mining magnate Nathan Tinkler offered $5.3 billion to take the company private with support lined up from some key shareholders. Whitehaven shares opened at A$4.10 and last traded up 17.1 percent at ...
Australia shares sag on surprise jobs weakness    MELBOURNE: Australian shares ended down 0.7 percent on Thursday after local employment unexpectedly fell in June, adding to worries about weak economic global growth.  Top miners BHP Billiton and Rio Tinto fell more than 2 percent and Fortescue Metals Group tumbled 6.1 percent. Miners are likely to be vulnerable again on Friday, when China, their biggest customer, reports second quarter GDP. Analysts expect growth slowed to a three-year low of 7.6 percent.  While many market players hope weak ...
Australia shares lose steam on surprise jobs decline  MELBOURNE: Australian shares fell on Thursday morning, wiping out early gains after local employment fell in June against forecasts for a flat outcome, adding to worries about weak global growth. The disappointing jobs numbers sapped risk appetite, knocking top miners BHP Billiton and Rio Tinto down more than 2 percent and Fortescue Metals Group down 4.2 percent. The two biggest business lenders, National Australia Bank and Australia and New Zealand Banking Group, both fell around 1 percent. "One ...
Australia shares end flat, investors await China GDP data  CANBERRA: Australian shares ended flat on Wednesday in thin volume, with investors largely sidelined after sluggish economic data from the United States and China offset the positive impact from improved domestic consumer sentiment. Analysts said a 3.7 percent jump in Australian consumer confidence in July had been overshadowed by overseas uncertainties after weak jobs figures from the United States and disappointing trade data from China. Investors are now looking to China's GDP data due on Friday. "Volumes have ...


Index Closing Chg%
Arrow DJIA 16,982.59 0.13
Arrow Nasdaq 4,444.91 0.10
Arrow S&P 1,978.91 0.03
Arrow FTSE 6,788.07 0.05
Arrow DAX 9,598.17 0.48
Arrow CAC-40 4,344.77 0.33
Arrow Nikkei 15,529.40 0.46
Arrow H.Seng 24,428.63 0.88
Arrow Sensex 25,991.23 0.52

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Foreign Debt $60.9bn
Per Cap Income $1,368
GDP Growth 3.6%
Average CPI 7.5%
Trade Balance $-1.558 bln
Exports $2.117 bln
Imports $3.675 bln
WeeklyJuly 10, 2014
Reserves $14.638 bln