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Australia shares set for 7th losing session, weak ore prices hit miners SYDNEY/WELLINGTON: Australian shares reversed early gains to shed 0.5 percent on Thursday, extending losses to a seventh session with further weakness in iron ore prices hurting the resource sector. Stocks with exposure to the United States found support on signs of strength in the world's largest economy and as the Aussie dollar fell near six-month lows, benefitting exporters. Elsewhere, iron ore retreated further after a spike higher at the start of the week, reflecting continued pressure from a well-supplied market. Global iron ore miners BHP Billiton Ltd and Rio Tinto Ltd fell 1.2 percent and 0.9 percent, respectively. The S&P/ASX 200 index tumbled 28.4 points to 5,378.9 by 0155 GMT, trading at 11-week lows. The benchmark fell 0.7 percent on Wednesday. The banking sector reversed its strong start to trade lower. Top lender Commonwealth Bank of Australia declined 0.7 percent and Australia's oldest bank Westpac Banking Corp lost 0.4 percent."Overseas ...

Australia shares slip to lowest since July, Fed meeting in focus SYDNEY: Australian shares fell 0.7 percent on Wednesday to 11-week lows as worries the US Federal Reserve may begin to raise rates hit investor sentiment, although a modest recovery in miners tempered losses. The S&P/ASX 200 index lost 38.1 points to 5,407.3, its lowest close since July 1. The benchmark fell for its sixth consecutive session, its longest losing streak since early August. The benchmark fell 0.5 percent on Tuesday. New Zealand's benchmark NZX 50 ...
Australia shares seen rising from 1-month lows on Wall St, iron ore SYDNEY: Australian shares are seen recovering from one-month lows on Wednesday following stronger leads from Wall Street overnight and as iron ore futures showed an uptick for the recently battered commodity. Local share price index futures rose 0.5 percent to 5,469, a 23.6-point premium to the underlying S&P/ASX 200 index close. The benchmark fell 0.5 percent to a one-month low on Tuesday. New Zealand's benchmark NZX 50 index added 0.4 percent in early trade. US ...
Asia shares edge up as investors second-guess Fed SYDNEY: Asian shares crept cautiously higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session. The Dow hit a fresh record while the US dollar took a knock after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, though it might qualify them. ...
Australia shares slip to 11-week low, investors eye Fed SYDNEY/WELLINGTON: Australian shares eased to an 11-week low on Wednesday on worry the US Federal Reserve may begin to raise rates although an extended recovery in miners tempered losses. High-yielding stocks, including the 'Big Four' banks, fell as investors trimmed equity holdings.The country's top lender by assets, National Australia Bank m declined 0.8 percent and Australia's No.3 lender, Australia and New Zealand Banking Group, dropped 1.4 percent. Australia's biggest telecommunications provider Telstra Corp Ltd slipped ...
Asia shares rise on Fed, China policy speculation SYDNEY: Asian shares were tentatively higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session. The Dow hit a fresh record while the US dollar took a knock after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, though it might qualify them. ...
Australia shares dip on weak Wall Street, resources climb SYDNEY/WELLINGTON: Australian shares slipped 0.1 percent on Tuesday, following a weaker lead from Wall Street that dampened local sentiment, though mining stocks climbed after battered iron ore prices jumped overnight, paring further losses. Spot iron ore posted its biggest one-day rise since March overnight as firmer spot steel prices in China spurred a rebound from recent 5-year lows, although the recovery is seen as fragile amid growing signs of weakness in the economy. The resources ...

 



 
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