05042016Wed
Last update: Wed, 04 May 2016 06pm

Australia

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 many other negatives to suggest the agreement to limit global warming to below two degrees Celsius (3.6 degrees Fahrenheit) over pre-industrial levels had any real impact."It's difficult to strip out what impact there has been, if any, given the day already had so many negatives," he said, pointing to weak oil and iron ore prices in Australia's mining-heavy economy."That said, it's possible that investors will increasingly start to look to the medium- and long-term future ...

Markets - Equity - Australia

Australia shares seen with a mixed start, NZ stocks up SYDNEY: Australian shares are likely to see cautious trade at the open on Friday with falling iron ore prices likely to cap gains.Local share price index futures edged down 0.1 percent to 5,030, a 7.7-point discount to the underlying S&P/ASX 200 index close on Thursday.The benchmark touched a one-month low in the last session and was on track for a 2.2 percent decline this week. Miners BHP Billiton and Rio Tinto have been hit hard ...

Markets - Equity - Australia

Australia shares extend losses, New Zealand recovers SYDNEY: Australian shares fell for a second session on Wednesday and closed at their lowest in over three weeks as declines in banks offset a rebound in mining and energy stocks.The S&P/ASX 200 index shed 0.55 percent, or 28.11 points, to 5,080.50, extending Tuesday's 0.91 percent decline. Most of the big four banks finished in the red but oil and gas producer Santos climbed 5.7 percent, trimming some of the hefty losses suffered in the ...

Markets - Equity - Australia

Australia trims beef exports, cuts slaughter rates SYDNEY: Australia trimmed its forecast for beef exports on Tuesday as farmers reduce slaughter rates, with better weather triggering a slow-down in a run of record cullings expected to push the country's herd to a 20-year low.Beef exports are expected to total 1.19 million tonnes in the year to July 1, 2016, the Australian Bureau of Agriculture, Resource Economics and Rural Sciences (ABARES) said, down from its September forecast of 1.225 million tonnes.The bureau trimmed ...

Markets - Equity - Australia

Australia shares rebound on US optimism, energy stocks down SYDNEY/WELLINGTON: Australian shares staged a broad rebound on Monday as a solid rise in U.S. payrolls cheered investors, but weakness in oil prices weighed on the energy sector.U.S. nonfarm payrolls increased 211,000 in November, a healthy outcome that helped sooth jitters about a U.S. interest rate hike later in the month.The S&P/ASX 200 index rose 49.09 points, or 0.95 percent, to 5,200.70 by 0028 GMT. It was up as much as 1.5 percent earlier in ...

Markets - Equity - Australia

Australia shares edge lower, but banks lend support SYDNEY: Australian shares edged down 0.15 percent on Wednesday on profit taking, with industrials weighing on the index although top performing banks minimised losses.The S&P/ASX 200 index fell 7.8 points to 5,258.3 at the close of trade. The benchmark rose nearly 2 percent on Tuesday.New Zealand's benchmark NZX 50 index fell 0.12 percent or 7.4 points to finish the session at 6,143.3. Copyright Reuters, 2015 ...

Markets - Equity - Australia

Australia shares poised for weak start tracking Wall Street SYDNEY: Australian shares are set to fall on Thursday, tracking losses on Wall Street, while weak metals and oil prices will likely put pressure on resources and energy-related counters.The local share price index futures fell 0.7 percent, a 36-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 0.2 percent on Wednesday.Wesfarmers Q1 retail sales are due later in the day.Reserve Bank of Australia assistant governor Malcolm Eddy to speak in Sydney at ...