12112016Sun
Last update: Sun, 11 Dec 2016 04pm

Australia

Markets - Equity - Australia

Australia, NZ shares rise as Brexit fears subside MELBOURNE/WELLINGTON: Australian and New Zealand shares rose on Monday as the latest poll showed Britons leaning in favour of staying in the European Union, which spurred a move out of safe-haven gold and back into banking and mining stocks.At 0232 GMT, the S&P/ASX 200 index had gained 61.84 points, or 1.2 percent, to 5,224.50, clawing back some of last week's 3 percent drop.Analysts and investors said the market was likely to remain shaky ahead of Britain's EU vote on Thursday."It's really just ebbing and flowing. But if there is an exit, there are broader ramifications for the EU which I think are being underpriced," said Akshay Chopra, an analyst at Karara Capital.On Monday, Australia's big four banks all rose more than 2 percent, recouping some of last week's heavy losses.Among big miners, BHP Billiton jumped 2.9 percent, helped by higher metals and oil prices, while Rio Tinto rose 1.7 percent.Energy ...

Markets - Equity - Australia

Australia, NZ shares end higher but post biggest weekly loss since Feb MELBOURNE: Australian shares ended up 0.3 percent on Friday, but posted their biggest weekly loss since February as markets remained stuck in a holding pattern ahead of Britain's vote over whether it would leave the European Union. The S&P/ASX 200 index closed 16.7 points higher at 5,162.70, down nearly 3 percent for the week. The benchmark finished flat on Thursday when it plumbed the weakest level in nearly two months at 5,141.0.New Zealand's benchmark S&P/NZX ...

Markets - Equity - Australia

Australia, NZ shares rise, but global jitters undermine gains MELBOURNE/WELLINGTON: Australian shares rebounded off a two-month low on Thursday thanks mostly to miners, as the U.S. dollar fell and gold prices rose after the Federal Reserve lowered its economic growth forecasts for this year.The S&P/ASX 200 index picked up 15.24 points, or 0.3 percent, to 5,162.30 by 0401 GMT, recouping just a third of Wednesday's losses.Following five straight sessions of losses, the market opened up strongly but pared early gains in a reminder that ...

Markets - Equity - Australia

Australia shares sink to 2-month lows, NZ boosted by dairy SYDNEY/WELLINGTON: Australian shares dropped to a two-month low on Wednesday hit by falling commodity prices and Brexit concerns, but New Zealand stocks gained helped by strong earnings from a dairy producer.The S&P/ASX 200 index slipped 9.362 points, or 0.2 percent, to 5,193.9 by 0315 GMT. At one point, the index slipped to its weakest since April 19.Financial institutions and major miners led the market lower. The Big Four banks were all down between 0.4 percent ...

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 ...

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 ...