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Australia shares, defying commodities rout & weak GDP, close higher SYDNEY: Australian shares rose 0.8 percent on Wednesday as investors shrugged off disappointing economic data and further declines in oil and iron ore prices and bought stocks on the cheap after the recent steep selloff. The S&P/ASX 200 index extended the previous session's recovery after plunging nearly 4 percent in two sessions. The benchmark closed up 40.5 points at 5,321.8, pulling away from a two-month low touched this week. New Zealand's benchmark NZX 50 index rose 1.3 percent or 73.03 points to finish the session at 5503.1. Copyright Reuters, 2014 ...

Australia shares rise as oil, gold rebound drive resources up SYDNEY/WELLINGTON: Australian shares shook off a weak lead from Wall Street and recovered some of their recent losses on Tuesday, as rebounding oil and metals prices drove a relief rally in resources firms. A raft of encouraging domestic economic data, including figures showing new home approvals grew twice as fast as expected in October, added to the positive mood after a punishing selloff in recent sessions. "We're one of only a few markets in positive ...
Australia shares fall as oil slump wallops energy stocks SYDNEY: Australian shares fell the most in seven weeks on Friday, led by a brutal selloff in energy producers as the biggest drop in oil prices in three years stoked concerns about demand for the country's commodities. The S&P/ASX 200 index closed down 1.6 percent or 87.9 points at 5313.0, its biggest percentage drop since Oct. 10. The energy sub-index slumped 7.6 percent. New Zealand's benchmark NZX 50 index fell 0.6 percent or 30.9 points ...
Australia shares flat, held back by energy sector SYDNEY/WELLINGTON: Australian shares hovered at one-week highs on Thursday thanks to gains in the major banks, but losses in the energy and mining sectors kept a lid on the overall market. The S&P/ASX 200 index was a mere 0.13 percent higher at 5,403.4 by 0239 GMT, having rallied 1.2 percent in the previous session. The major banks did most of the heavy lifting with National Australia Bank up 1.3 percent at A$32.88. Energy stocks were ...
Australia shares snap losing streak on China rate cut cheer SYDNEY: Australian shares rose by their most in a month as resources companies bounced from multi-year lows on hopes a surprise interest rate cut in China would boost demand and prices for commodities.The S&P/ASX 200 index closed up 1.08 percent or 57.50 points to 5361.8, its biggest percentage gain since Oct. 22 and snapping a five-day losing streak. New Zealand's benchmark NZX 50 index fell 0.44 percent or 24.13 points to finish the session at ...
Australia shares hit 4-week lows, growth woes offset US optimism SYDNEY/WELLINGTON: Australian shares edged down to a four-week low on Friday as underlying worries about a slump in iron ore prices and the demand outlook eclipsed encouraging US economic data. Data showing American factory activity in the mid-Atlantic region grew at its fastest in two decades and home resales jumped to their highest did little to take the edge off global growth worries. "Whilst the US is ticking along, it's not enough, particularly for a ...
Australia shares dragged lower by iron ore, NZ stocks firm SYDNEY/WELLINGTON: Australian shares fell to four-week lows on Wednesday, as falling iron ore prices weighed on the resources sector while energy and basic materials also declined. The S&P/ASX 200 index eased 0.1 percent or 10 points to 5,389.7 by 01:31 GMT, following three sessions of decline.Miners continued to spiral downwards as prices of iron ore, Australia's largest export earner, dropped to five-year lows. Shares of Fortescue Metals Group slipped 4.7 percent, having fallen as far ...


Index Closing Chg%
Arrow DJIA 17,652.60 0.79
Arrow Nasdaq 4,757.88 0.16
Arrow S&P 2,051.82 0.55
Arrow FTSE 6,832.83 0.53
Arrow DAX 10,649.58 2.05
Arrow CAC-40 4,640.69 1.93
Arrow Nikkei 17,511.75 1.05
Arrow H.Seng 24,850.45 1.34
Arrow Sensex 29,278.84 0.94

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.664 bln
Exports $1.966 bln
Imports $3.630 bln
WeeklyJanuary 22, 2015
Reserves $10.331 bln