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Australia shares slip ahead of expected rate cut, US data weighs  CANBERRA: Australian shares retreated 0.3 percent in late morning trade on Tuesday, with investor sentiment dampened by concerns about US growth and Washington budget talks, as the market remains cautious ahead of an expected rate cut from the central bank.   Investors are betting the Reserve Bank of Australia will cut interest rates by a quarter point on Tuesday to match a record low of 3 percent as it seeks to insulate the resource-rich economy against a slowdown in the mining sector.   "You've got on the one hand the prospect of a big stimulus coming today, on the other hand you've got this 'fiscal cliff' in America which nobody really knows how it will be resolved," said Damien Boey, an equity strategist at Credit Suisse.   However it was unclear how the market would react to a rate cut, Boey said.   "Would it respond favourably in the sense of 'oh, good we have the stimulus we ...

Australia shares at 3-week high; Rio, banks up  MELBOURNE: Australian shares rose 0.7 percent to a three-week high on Thursday, supported by banks and gains in global miner Rio Tinto after it gave an upbeat outlook on China and cost-cutting pledges.   Australian business spending data showed a fall in planned mining investment for the year ending June 2013, suggesting to some the Reserve Bank of Australia may lower rates again next week after it held fire earlier this month after a cut in October.   "Australian ...
Australia shares rise to 2-week high; CSL at record  MELBOURNE: Australian shares rallied 0.7 percent to a two-week high on Tuesday, with resource stocks benefiting after international lenders reached an agreement on a new debt target for Greece after weeks of negotiations.   The day also saw shares in CSL Ltd, the world's No. 2 blood products maker, jump to a record close after it bumped up its forecasts for annual profit.   The agreement on reducing Greece's debt will release urgently needed loans to keep the near-bankrupt ...
Australia shares tread water; CSL surges to record high  MELBOURNE: Australian shares were little changed in opening deals on Tuesday as investors waited for details on Greek aid talks and developments in US budget discussions before making major portfolio decisions.   Shares in CSL Ltd, the world's No. 2 blood products maker, jumped 6 percent to a record high after it lifted full-year net profit forecast to a rise of 20 percent from 12 percent previously.   The benchmark S&P/ASX 200 index rose 2.4 points or 0.05 percent ...
Australia shares rally 1.3pc to one-week high  MELBOURNE: Australian shares rebounded 1.3 percent to a one-week high on Thursday as investors embraced risk assets after the declaration of a ceasefire on the Gaza strip, and as expectations for a cut to official interest rates in coming weeks rise.   The local market has not gained more than 1 percent in a single session since Oct. 2, when the central bank last lowered interest rates to stimulate the non-mining parts of Australia's economy.   This week, policy ...
Australia shares slip, banks lose ground  SYDNEY: Australian shares slipped 0.1 percent on Friday, with bank stocks falling on worries about the US fiscal stand-off and the eurozone debt crisis, but higher iron ore prices and optimism about China's growth outlook lent support.   Markets have been fretting that the US economy could contract again if no deal is reached in Washington to avoid the "fiscal cliff" - large, automatic budget cuts and tax increases that begin to take effect in the new ...
Australia shares down on global uncertainty, BHP falters  SYDNEY: Australian shares slipped 0.8 percent on Thursday, with big miners leading losses after Wall St fell on worries about protracted US budget negotiations and rising violence in the Middle East.   BHP Billiton dragged on the index, dropping 1.5 percent as it looks to control costs in a softer iron ore market, while rival Rio Tinto shed 2.1 percent.   The benchmark S&P/ASX 200 index was 33 points lower at 4,355.4 by 0051 GMT. It inched up 0.2 ...

 



 
Index Closing Chg%
Arrow DJIA 16,974.31 0.18
Arrow Nasdaq 4,549.23 0.33
Arrow S&P 1,982.30 0.14
Arrow FTSE 6,453.87 0.81
Arrow DAX 9,082.81 0.16
Arrow CAC-40 4,110.64 0.05
Arrow Nikkei 15,553.91 1.46
Arrow H.Seng 23,819.87 1.27
Arrow Sensex 27,098.17 0.81





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Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlyJuly-June
Trade Balance $-19.98 bln
Exports $25.13 bln
Imports $45.11 bln
WeeklyOctober 27, 2014
Reserves $13.464 bln