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Australia shares gain ground in broad rise as resources jump SYDNEY/WELLINGTON: Australian shares added 0.5 percent on Thursday as Wall Street edged higher, while an uptick in metals prices helped support the mining space. US stocks rose on Wednesday with the Dow Jones industrial average closing at a record high, boosted by the latest merger news and some strong corporate earnings. The broader market was propped up by a strong resource sector.Aluminium touched its highest in 16 months, while benchmark 62 percent grade iron ore for immediate delivery to China rose to $98. Global miners BHP Biliton Ltd and Rio Tinto Ltd added 1.5 percent and 1.7 percent, respectively. Meanwhile, gold miners jumped higher with Newcrest Mining Ltd soaring 2.2 percent after bullion rebounded following two consecutive days of sharp losses. "As the price of iron ore steadies, the major miners have acted as the driving force in our index with Chinese growth seemingly back," said Niall King, a sales ...

Asian stocks steady as China GDP growth hits target SYDNEY: Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, drawing a sigh of relief from investors rather than outright applause. China's economy expanded by 2.0 percent in the second quarter from the previous quarter, taking annual growth to 7.5 percent. Retail sales and industrial output were either in line with forecasts or slightly higher. The data confirmed the Asian giant had stabilised after a ...
Australia shares seen opening flat, shored up by miners MELBOURNE: Australian shares were set to open steady on Wednesday, with gains in the big miners on the back of improving iron ore prices likely to offset any selling sparked by US Federal Reserve Chairman Janet Yellen's concern about overvalued stocks.Local share price index futures rose 0.1 percent to 5,467.0, but that was a 44.3-point discount to the underlying S&P/ASX 200 index. The benchmark ended flat on Tuesday.New Zealand's benchmark NZX 50 index slipped 3.2 ...
Australian shares flat but Chinese GDP, miners buoy sentiment SYDNEY/WELLINGTON: Australian shares traded flat on Wednesday, with gains in big miners on the back of improving iron ore prices and a slight pick-up in Chinese GDP offseting worries sparked by US Federal Reserve Chair Janet Yellen's comments about overvalued stocks. Banks lost ground for a second session, with top bank by market capitalisation Commonwealth Bank of Australia and Westpac Banking Corp, the second biggest, both losing 0.4 percent. Analysts said a government-backed report on ...
Australia shares close flat, miners offset bank falls SYDNEY: Australian shares ended flat on Tuesday as a government report on the financial system dragged on banks to pull the market lower, though a rise in miners and on Wall Street overnight helped temper losses The S&P/ASX 200 index closed flat at 5,511.3 at the close of trade. The benchmark added 0.5 percent on Monday. New Zealand's benchmark NZX 50 index slipped 0.2 percent or 12.5 points to finish the session at 5,115.4. Copyright ...
Banks tug Australian shares lower after financial system report SYDNEY/WELLINGTON: Australian shares reversed early gains to dip 0.1 percent on Tuesday as a financial system report dragged on banks to pull the market lower, offsetting Wall Street's moves higher overnight as the Dow Jones hit an intraday record. Banks floundered as a government-backed review of the Australian financial system said it had performed "reasonably well" in facilitating economic growth, but noted a number of challenges loomed including fiscal pressures, slowing productivity growth and technological ...
Australia shares rise 0.5pc in broad rally, gains seen limited SYDNEY/WELLINGTON: Australian shares rose 0.5 percent on Monday, led by financial and consumer goods companies, but analysts said valuations are getting stretched and likely to keep further gains in check. After a promising start to the year, the market has lost momentum due to falling iron ore prices and a hit to consumer confidence from an unexpectedly austere federal budget. For the first-half, stocks rose just 1.9 percent. "Liquidity is still not as good as ...


Index Closing Chg%
Arrow DJIA 17,079.57 0.25
Arrow Nasdaq 4,557.70 0.26
Arrow S&P 1,996.74 0.17
Arrow FTSE 6,805.80 0.36
Arrow DAX 9,462.56 1.12
Arrow CAC-40 4,366.04 0.66
Arrow Nikkei 15,459.86 0.48
Arrow H.Seng 24,741.00 0.71
Arrow Sensex 26,638.11 0.29

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.311 bln
Exports $2.027 bln
Imports $4.338 bln
WeeklyAugust 28, 2014
Reserves $13.582 bln