02092016Tue
Last update: Tue, 09 Feb 2016 10pm

Australia

Markets - Equity - Australia

Australia shares hover at 1 month lows on Ukraine worries, gold stocks shine SYDNEY: Australian shares were hovering at one-month lows on Monday morning, as investors were unnerved by tensions between the West and Russia over the referendum results in Crimea, helping buoy safe-haven gold stocks and limiting broad market losses. The financial sector was on the backfoot, with Commonwealth Bank of Australia slipping 0.5 percent. Mid-tiers Adelaide and Bendigo Bank Ltd and Bank of Queensland Ltd shed 0.2 percent and 0.7 percent, respectively. Russian state media said Crimeans voted overwhelmingly to break with Ukraine and join Russia on Sunday, sparking anger in the West and Kiev which described the vote as a sham. The United States warned Russia that Western sanctions were imminent, and called Moscow's actions "dangerous and destabilizing." "The market's performance is being viewed through the prism of Crimea," said Michael Heffernan, senior client adviser and economist at broker Lonsec in Melbourne. "But I don't think that that's going to ...

Markets - Equity - Australia

Australia shares lifted by robust jobs data, recovery in miners SYDNEY: Australian shares climbed on Thursday, underpinned by a recovery in mining stocks after metals prices rose, while a robust jobs report provided additional momentum and lifted the market to session highs. Australian employment surged by 47,300 in February, the biggest gain in 13 months and far above forecasts, in a hopeful sign that the economy is finally starting to generate jobs again. "It's quite a good sign and in a sense it's realigning itself ...

Markets - Equity - Australia

Australia shares close little changed, investors cautious SYDNEY: Australian shares finished flat on Tuesday as investors turned to banks and defensive stocks, unnerved by a steep fall in iron ore prices that hurt small miners and a pullback in a business conditions survey. The S&P/ASX 200 index added 2.3 points to finish at 5,413.8. The benchmark fell 0.9 percent on Monday. New Zealand's benchmark NZX 50 index slipped 0.3 percent to 5,101.9. Copyright Reuters, 2014 ...

Markets - Equity - Australia

Australia shares mark time as lower iron ore, China drag SYDNEY: Australian shares traded sideways on Tuesday morning, following a dip on Wall Street, with smaller iron ore miners easing further and a pullback in a business conditions survey keeping investors cautious. Global miners BHP Billiton Ltd and Rio Tinto Ltd steadied from big losses in the previous session, rising 0.1 percent and 1.1 percent respectively. But smaller iron ore miners were under pressure after Chinese steel and iron ore futures slumped to their lowest ...

Markets - Equity - Australia

Australia shares fall as weak China trade data hits SYDNEY: Australian shares fell nearly 1 percent on Monday, slipping from a 5-1/2-year high touched in the previous session, after disappointing Chinese trade data hit metals markets and sent resource stocks tumbling. Chinese exports unexpectedly tumbled 18.1 percent in February from a year earlier, data released at the weekend showed, swinging the trade balance into deficit and adding to fears of a slowdown in the world's second-largest economy. Copper fell to its lowest level in ...

Markets - Equity - Australia

Australia shares erase losses on upbeat trade, retail sales data SYDNEY: Australian shares finished flat on Thursday as upbeat retail sales and trade balance data helped the index recover from heavy losses in the morning, although investors remained cautious over developments in Ukraine.The S&P/ASX 200 index ended just 0.3 point lower at 5,445.9, after hitting a session low of 5,422.7. The benchmark had gained 0.9 percent on Wednesday to close at its highest point since June 2008.New Zealand's benchmark NZX 50 index rose 0.8 percent ...

Markets - Equity - Australia

Australia shares close at highest in 5-1/2 years, NZ at new high SYDNEY: Australian shares gained 0.9 percent on Wednesday to close at their highest point since June 2008, spurred by upbeat fourth quarter GDP figures and signs a military confrontation between Russia and Ukraine might be averted. The S&P/ASX 200 index climbed 46 points to finish the session 5,446.2, its highest point in 5-1/2 years. The benchmark added 0.3 percent on Tuesday. Elsewhere, HSBC/Markit's China Services Purchasing Managers' Index (PMI) ticked up to 51.0 in February ...