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Australia shares at 3-week high; Rio, banks up  MELBOURNE: Australian shares rose 0.7 percent to a three-week high on Thursday, supported by banks and gains in global miner Rio Tinto after it gave an upbeat outlook on China and cost-cutting pledges.   Australian business spending data showed a fall in planned mining investment for the year ending June 2013, suggesting to some the Reserve Bank of Australia may lower rates again next week after it held fire earlier this month after a cut in October.   "Australian capital expenditure data has increased the chances of a December interest rate cut. The idea that we are nearing a peak in mining investment pushes the focus onto the RBA's ability to shore up our economy," said Ben Taylor, trader at CMC Markets.   The benchmark S&P/ASX 200 index rose 30 points to 4,477.7, according to the latest data, the highest close since Nov 8. The index slipped 0.2 percent on Wednesday, but is up from a ...

Australia shares rise to 2-week high; CSL at record  MELBOURNE: Australian shares rallied 0.7 percent to a two-week high on Tuesday, with resource stocks benefiting after international lenders reached an agreement on a new debt target for Greece after weeks of negotiations.   The day also saw shares in CSL Ltd, the world's No. 2 blood products maker, jump to a record close after it bumped up its forecasts for annual profit.   The agreement on reducing Greece's debt will release urgently needed loans to keep the near-bankrupt ...
Australia shares tread water; CSL surges to record high  MELBOURNE: Australian shares were little changed in opening deals on Tuesday as investors waited for details on Greek aid talks and developments in US budget discussions before making major portfolio decisions.   Shares in CSL Ltd, the world's No. 2 blood products maker, jumped 6 percent to a record high after it lifted full-year net profit forecast to a rise of 20 percent from 12 percent previously.   The benchmark S&P/ASX 200 index rose 2.4 points or 0.05 percent ...
Australia shares rally 1.3pc to one-week high  MELBOURNE: Australian shares rebounded 1.3 percent to a one-week high on Thursday as investors embraced risk assets after the declaration of a ceasefire on the Gaza strip, and as expectations for a cut to official interest rates in coming weeks rise.   The local market has not gained more than 1 percent in a single session since Oct. 2, when the central bank last lowered interest rates to stimulate the non-mining parts of Australia's economy.   This week, policy ...
Australia shares slip, banks lose ground  SYDNEY: Australian shares slipped 0.1 percent on Friday, with bank stocks falling on worries about the US fiscal stand-off and the eurozone debt crisis, but higher iron ore prices and optimism about China's growth outlook lent support.   Markets have been fretting that the US economy could contract again if no deal is reached in Washington to avoid the "fiscal cliff" - large, automatic budget cuts and tax increases that begin to take effect in the new ...
Australia shares down on global uncertainty, BHP falters  SYDNEY: Australian shares slipped 0.8 percent on Thursday, with big miners leading losses after Wall St fell on worries about protracted US budget negotiations and rising violence in the Middle East.   BHP Billiton dragged on the index, dropping 1.5 percent as it looks to control costs in a softer iron ore market, while rival Rio Tinto shed 2.1 percent.   The benchmark S&P/ASX 200 index was 33 points lower at 4,355.4 by 0051 GMT. It inched up 0.2 ...
Australia shares slip 0.3pc; QBE falls sharply  SYDNEY: Australian shares edged 0.3 percent lower on Monday, falling for the third day, on concerns over US fiscal woes, Greece's bailout and profit warnings from corporates.   Top insurer QBE Insurance Group plunged as much as 15 percent to a 10-month low after cutting its full-year profit outlook on Hurricane Sandy and large catastrophe claims. It ended 8.3 percent lower at A$11.80.   The benchmark S&P/ASX 200 index fell 14 points to 4,448, according to latest available data. ...

 



 
Index Closing Chg%
Arrow DJIA 16,677.90 1.32
Arrow Nasdaq 4,452.79 1.60
Arrow S&P 1,950.82 1.23
Arrow FTSE 6,419.15 0.30
Arrow DAX 9,047.31 1.20
Arrow CAC-40 4,157.68 1.28
Arrow Nikkei 15,138.96 0.37
Arrow H.Seng 23,333.18 0.30
Arrow Sensex 26,851.05 0.24





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyAugust
Trade Balance $-2.807 bln
Exports $1.911 bln
Imports $4.718 bln
WeeklyOctober 23, 2014
Reserves $13.465 bln