01182017Wed
Last update: Wed, 18 Jan 2017 10am

Australia

Markets - Equity - Australia

Australian and New Zealand join global rally on strong US job report SYDNEY/WELLINGTON: Australian shares leapt on Monday, gaining 1.7 percent by lunchtime, while New Zealand stocks also tracked global markets higher, boosted by a much-larger-than-expected jump in U.S. job growth.The S&P/ASX 200 index added 91.06 points to 5,321.6 by 0206 GMT. The rally follows solid gains on Wall Street on Friday, when the benchmark S&P 500 touched all-time highs after the job report.All sectors posted gains, as Australian shares tracked back towards their pre-Brexit high of 5,325.4 points."The bulls have been proactive this morning, particularly within materials and energy after overnight commodity strength," said Gary Huxtable, client adviser at broker and advisory firm Atlantic Pacific Securities."We're also seeing some bargain hunters re-emerging in the recently beaten up financial stocks, particularly those with U.K. exposure," he said."Investors seem to look at these stocks as too cheap to pass up, as opposed to the risks that these sectors face moving forward."Following firming commodity ...

Markets - Equity - Australia

Australia shares higher as commodities rally overrides election uncertainty SYDNEY/WELLINGTON: Australian shares rose on Monday as surging commodity prices pushed up resource stocks, overriding political uncertainty that stemmed from an inconclusive result in the local general election over the weekend.After an unusually long eight-week campaign, a general election on Saturday left neither of Australia's two major parties in a position to form a majority government immediately, with commentators suggesting it may take weeks to determine an outcome.The result was especially unnerving for investors, who ...

Markets - Equity - Australia

Australia, NZ shares end higher, join global rally after Brexit shock SYDNEY: Australian shares rose 1.77 percent on Thursday and New Zealand stocks gained 1.37 percent, recovering in part from sharp falls that followed the UK's Brexit vote.The S&P/ASX 200 index added 91 points to 5,233.4 at the close of trade. The benchmark has now recouped two thirds of its 274.4 point fall in the wake of the vote, as markets around the world regain some of their losses.New Zealand's benchmark S&P/NZX 50 index gained 1.37 ...

Markets - Equity - Australia

Australian and New Zealand shares rise, partly recouping Brexit falls SYDNEY/WELLINGTON: Australian and New Zealand shares rallied for a second straight session on Thursday, with both bourses gaining more than 1 percent in morning trade as global markets begin to recover from Brexit shocks.The S&P/ASX 200 index rose 70 points to 5,212.4 by 0144 GMT. The benchmark added 1.36 percent on Thursday and has this week recouped more than half of its cumulative 5.2 percent fall in the sessions that followed the United Kingdom's vote ...

Markets - Equity - Australia

Australia, NZ shares steady but Brexit aftershock dampens sentiment SYDNEY/WELLINGTON: Australian shares were struggling to stabilise on Monday as Britain's shock vote to exit the European Union continued to reverberate across global markets, with the financial sector suffering the most.The S&P/ASX 200 index did manage to edge up 0.3 percent by 0228 GMT, though that follows a 3 percent drop on Friday. The benchmark was 14 points firmer at 5,127.7."Once there is more certainty on how the UK will leave the EU and how ...

Markets - Equity - Australia

Sydney stocks fall almost 4pc on early results of Brexit vote SYDNEY: Australia's benchmark stock index sank almost four percent on Friday as results from Britain's European Union referendum pointed towards leaving the bloc.Sydney's benchmark S&P/ASX 200 was down 200.4 points, or 3.9 percent, to 5,080.3 at around 0345 GMT, joining the sea of red across Asian markets."Our financial markets, not just stocks but also the dollar and bond markets, are forward scouts for this particular event," Patersons Securities' economist and market strategist Tony Farnham told ...

Markets - Equity - Australia

Australia's ASX lifts stake in US blockchain developer SYDNEY: Australian markets operator ASX Ltd said on Wednesday it was exercising an option to lift its stake in US blockchain developer Digital Asset Holdings, stepping up its interest a technology that backers say can ease information tracking and reduce transaction settlement times. ASX said it would pay $7.16 million to increase its holding in Digital Assets to roughly 8.5 percent from the 5 percent it acquired in January.Blockchain, or distributed ledger, technology maintains a ...