Australia
Monday, 25 February 2013 10:57
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SYDNEY: Australian shares rose 0.8 percent on Monday, ending off their highs after a survey showed a pull-back in China's factory activity, but strong financial and retail stocks kept the index near a 4-1/2 year peak hit last week.The benchmark S&P/ASX 200 index gained 37.7 points to 5,055.8, according to the latest data. The index rose 0.8 percent on Friday, but lost 0.3 percent last week.New Zealand's benchmark NZX 50 index rose 0.3 percent to 4,226.4.Copyright Reuters, 2013 ...
MELBOURNE: Australian shares rose 0.7 percent on Thursday to consolidate the market's hold around a four-and-a-half year high, as miners rallied on expectations new Rio Tinto Chief Executive Sam Walsh could impress when the company reveals its full-year earnings later in the day.
Gains in some banking stocks and others, such as Wesfarmers, also boosted the local bourse.
The market has been on a strong run for several months, climbing 8 percent since the start of the ...
SYDNEY: Australian shares rose 0.6 percent early on Wednesday after Wall Street rebounded on solid US earnings and data showed the global economy continuing to improve.
The benchmark S&P/ASX 200 index was 27.5 points higher at 4,910.2 as of 2317 GMT. The benchmark index fell 0.5 percent on Tuesday.
New Zealand's market is closed for the Waitangi Day public holiday.
Copyright Reuters, 2013 ...
SYDNEY: Australian shares dropped 0.7 percent on Tuesday after discouraging US factory orders hit Wall Street and political ructions in Spain and Italy spurred more profit-taking after a 6 percent rally so far this year.
The benchmark S&P/ASX 200 index was 36.2 points lower at 4,871.3 as of 2311 GMT. On Monday, the benchmark index hit an intraday high of 4,951 but ended down 13.6 points at 4,907.5.
New Zealand's benchmark NZX 50 index lost 0.6 percent, ...
MELBOURNE: Australian shares lost their grip on early gains to end 0.3 percent lower on Monday, pulled down by weaker-than-expected housing data, slow job advertising and technical resistance.
The benchmark S&P/ASX 200 index hit an intraday high of 4,951 but ended down 13.6 points at 4,907.5.
Analysts said the index hit technical resistance after rallying 6 percent this year. It has surged 13.6 percent since the Nov. 19 2012 low as investors look for better returns as ...
SYDNEY/WELLINGTON: The Aussie and kiwi dollars shot up near four-year peaks versus the yen on Tuesday, while bouncing elsewhere as a jump in business confidence in Australia and a surprising trade surplus underpinned both currencies.
The Aussie advanced to $1.0435, from $1.0412 early, having touched one-month lows of $1.0384 on Monday. It gained momentum on the euro with the Aussie up 0.2 percent on the day to A$1.2892, after plumbing its weakest since May at A$1.2958.
It ...
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