06012016Wed
Last update: Wed, 01 Jun 2016 06am

Australia

Markets - Equity - Australia

Australia shares edge up, buoyed by industrials, energy SYDNEY/WELLINGTON: Australian shares, which have risen the past four days, were up again early Tuesday, helped by gains in energy and industrials, while New Zealand stocks also advanced.The S&P/ASX 200 index edged up 0.1 percent or 6.05 points to 5,115.6 by 02:16 GMT. The benchmark has rallied nearly 2 percent since touching a two-year trough last week.Industrial shares led the charge with defence ship manufacturer Austal Ltd up 4.7 percent after clinching a contract with the US navy for designing vessels. Austal's stock prices touched a 1-year low last week.Also with the wind in its sail was rail freight operator Aurizon Holdings Ltd which bounced 1.7 percent, pulling away from seven-month lows.The energy sector outperformed after oil futures jumped away from 2009 lows. Caltex Australia rose 2.5 percent, while Oil Search added 1.7 percent and Woodside Petroleum 0.7 percent.However, Origin was down 0.2 percent after it revealed plans to reduce ...

Markets - Equity - Australia

Asian stocks subdued, oil makes fresh low SYDNEY: Asian share markets got off to a lacklustre start on Monday following a dive on Wall Street, though losses were limited by a general lack of investor interest in a holiday-heavy week. MSCI's broadest index of Asia-Pacific shares outside Japan was flat, while Australia's main index eased 0.2 percent. Japan's Nikkei slipped 0.9 percent. The market took a hit late Friday after the Bank of Japan announced some changes to its massive stimulus programme ...

Markets - Equity - Australia

Australia shares set to open lower after Wall St skid SYDNEY: Australian shares were set to start lower on Monday in the wake of steep falls on Wall Street and as prices for many of the country's major commodities remain under pressure despite a modest bounce in iron ore.The local share price index futures fell 0.8 percent to 5,021, an 85-point discount to the underlying S&P/ASX 200 index close of 5,106.The benchmark index had ended Friday with a slight gain after a very volatile week ...

Markets - Equity - Australia

Australia shares cut losses to end firm; up 1.5pc for week SYDNEY: Australian shares gave up early losses to end flat on Friday, led by late buying demand in financials stocks, including Commonwealth Bank of Australia .The S&P/ASX 200 index rose 0.09 percent, or 4.69 points, to 5,106.70 at the close of trade. The benchmark jumped 1.5 percent on Thursday and posted its best weekly performance since the week ending Nov. 20. New Zealand's benchmark NZX 50 index rose 0.32 percent or 19.51 points to finish ...

Markets - Equity - Australia

Australia shares rally on global confidence SYDNEY: Australian shares rose 1.46 percent on Thursday, joining a global equities rally as investors piled back into the markets after a US interest rate hike signalled confidence in the world's largest economy.The S&P/ASX 200 index rose 73.55 points to 5,102 at the close of trade, after reaching a high of 5,129.1 earlier in the session. On Wednesday, the benchmark gained 1.91 percent to 5,003.40, recovering from 4,909.60, a trough not seen since July 2013. ...

Markets - Equity - Australia

Australia shares look to break six-day losing streak SYDNEY: Australian shares look set to break a six-session losing streak on Wednesday following a global rally in stocks and risk assets, while a bounce in oil prices provided some relief to energy companies.The local share price index futures rose 1.1 percent to 4957.0, a 48-point premium to the underlying S&P/ASX 200 index close.Any gains would be welcome after the index hit its lowest in two-and-a-half years on Tuesday, ending at4,909.5.New Zealand's benchmark NZX 50 ...

Markets - Equity - Australia

Australian mining stocks sag but climate deal not to blame SYDNEY: Australian mining stocks sagged on Monday, pushing the stock market below the 5,000-level, but the Paris climate agreement had little noticeable impact on a sector already knocked by tanking commodity prices, analysts said.Australia was one of the first major exchanges to open after a global climate agreement was reached in Paris over the weekend, and fossil fuel companies were some of the biggest losers.But CMC Markets chief analyst Ric Spooner said there were too ...