08292016Mon
Last update: Mon, 29 Aug 2016 10pm

Australia

Markets - Equity - Australia

Australia, NZ shares slump on Fed, Brexit worries MELBOURNE/WELLINGTON: Australian shares dropped 2 percent on Tuesday to a one-month low while New Zealand fell for a second day tracking declines offshore on worries about U.S. growth and Britain potentially pulling out of the European Union.The S&P/ASX 200 index slid 114 points, or 2.2 percent, to 5,198.50 by 0341 GMT, in a sea of red following a long weekend.Banks, major miners and energy stocks led the market down. The big four banks were all down around 2.7 percent.The energy index slumped 4 percent as concerns about global growth weighed on oil prices. Australia's biggest independent oil and gas producer Woodside Petroleum slid 3 percent to a two-month low of A$26.17.Miner BHP Billiton fell 2.9 percent even after a court in Brazil dismissed a civil lawsuit against Samarco, co-owned by BHP Billiton and Brazil's Vale, over a mine disaster last year.Blue chips Telstra Corp and blood products maker CSL Ltd ...

Markets - Equity - Australia

Australia shares fall 0.9pc, post second straight weekly loss SYDNEY: Australian shares fell 0.92 percent on Friday, reflecting broad-based losses across all sectors and tracking a selloff across global equities on heightened risk aversion. The S&P/ASX 200 index was down 49.34 points at 5,312.6 at the close of trade, its biggest daily percentage drop since June 1. The benchmark slipped 0.12 percent this week, its second consecutive weekly loss.New Zealand's benchmark S&P/NZX 50 index was steady at 6,971.78.Copyright Reuters, 2016 ...

Markets - Equity - Australia

Australia shares end down, banks weigh; NZ at 2-week lows MELBOURNE: Australian shares slipped 0.15 percent on Thursday, dragged down by banks and losses at packaging company Amcor Ltd which flagged that it may close some plants.The S&P/ASX 200 index edged down 8.1 points to 5361.9 points at the close of trade, with losses across most Asian equities adding to the downbeat mood. The benchmark closed barely changed on Wednesday.New Zealand's benchmark S&P/NZX 50 index hit the lowest in two weeks at 6967.97, before ending ...

Markets - Equity - Australia

Australia shares fall as rate views hit banks, NZ also down SYDNEY/WELLINGTON: Australian shares snapped a three-day winning streak on Wednesday as investors sold bank stocks amid concerns the central bank may put off cutting rates again this year, while New Zealand shares also sagged.As expected, the Reserve Bank of Australia (RBA) kept rates on hold on Tuesday, but investors interpreted its commentary as generally upbeat, a sign it may dash hopes of a second cut in 2016.Bank stocks are seen as rival investments to bonds ...

Markets - Equity - Australia

Australia shares up ahead of central bank policy review; NZ steady SYDNEY/WELLINGTON: Australian shares rose 0.5 percent on Tuesday as resources and energy firms benefited from rising commodity prices and optimism on Wall Street after Federal Reserve Chair Janet Yellen gave an upbeat assessment of the U.S. economy.Investors were also watching out for the Reserve Bank of Australia's (RBA) monthly policy outcome due out later in the session. The central bank is seen certain to hold rates at a record low of 1.75 percent following a ...

Markets - Equity - Australia

Australia, NZ shares gain as miners, US data cheer investors SYDNEY: Australian and New Zealand shares rose on Monday on the back of strong gains in mining stocks, after surprisingly weak US jobs growth knocked the U.S. dollar and sent gold and metal prices higher.The S&P/ASX 200 index rose 41.5 points, or 0.8 percent, to 5,360.4 at the close of trade.New Zealand's benchmark S&P/NZX 50 index added 21.3 points, or 0.3 percent, to finish the session at 7,024.38.Copyright Reuters, 2016 ...

Markets - Equity - Australia

Australian shares hit 3-week low, New Zealand shares ease MELBOURNE: Australian shares fell to more than three week lows on Thursday, as market sentiment soured after weak Chinese economic data and on expectations that Australia may delay widely expected interest rate cuts.The S&P/ASX 200 index dropped 0.8 percent, or 44.3 points, to 5,278.9 at the close of trade. At one point, the index hit 5,270.90 - its weakest since May 9. The benchmark fell 1 percent on Wednesday.New Zealand's benchmark S&P/NZX 50 index eased ...