07292016Fri
Last update: Fri, 29 Jul 2016 03pm

Australia

Markets - Equity - Australia

Bonds eclipse stocks as deflation darkens the air SYDNEY: Asian shares skidded on Wednesday as investors fretted about weak global growth and creeping deflation, undermining commodities and boosting demand for safe-haven sovereign debt. European stocks were expected to follow Asia lower, with futures on Britain's FTSE marked down 0.2 percent. Spreadbetters at IG expected Germany's DAX and France's CAC to open down by 0.1 to 0.2 percent. Disappointing manufacturing surveys from China and the UK combined with downgrades to growth and inflation forecasts from the European Commission to sour the mood. Indeed, April factory data across Asia has disappointed in the past few days."After a bit of lift in March, which raised hopes for a sustained acceleration in activity, momentum again turned last month," said Frederic Neumann, co-head of Asian economics research at HSBC. "Asia's big markets continue to disappoint: Japan sank further, China relapsed, and India slipped." Equities were cold-shouldered in the rush to safe-haven assets and ...

Markets - Equity - Australia

Australia shares rise to highest in over 6 months; NZ climbs SYDNEY: Australian shares jumped more than 2 percent on Tuesday, to their highest in more than six months, as investors cheered a quarter-point rate cut by the central bank. ANZ Banking Group was the top performer on the index, up more than 5 percent, despite posting the steepest drop in cash earnings since 2008 as investors welcomed moves to focus on growth and protect capital.The S&P/ASX 200 index climbed 110.83 points to 5,353.80 at the ...

Markets - Equity - Australia

Australia, NZ shares slip after Westpac profit miss MELBOURNE: Australian and New Zealand shares fell on Monday, hurt by the big banks after a rise in bad debts marred no.3 lender Westpac Banking Corp's half-year results, but gains in Telstra and miners helped trim the market's losses. Australia's S&P/ASX 200 index closed down 9.22 points, or 0.2 percent, at 5,243.00, after being more than 1 percent lower around midday.In New Zealand, where Westpac and Australia and New Zealand Banking Group were the worst ...

Markets - Equity - Australia

Australia shares drop on broad-based losses, NZ also loses ground SYDNEY: Australian shares ended 0.7 percent lower on Friday led by an across-the-board selloff and as investors locked in profit from a recent bounce ahead of a long weekend. The S&P/ASX 200 index fell 36.31 points to 5,236.4 at the close of trade. The benchmark, which rose the past three days, ended up 1.53 percent for the week. It rose 4.5 percent the previous week.New Zealand's benchmark S&P/NZX 50 index slipped 0.6 percent or 39.99 ...

Markets - Equity - Australia

Australia shares surge on commodities bounce, NZ hits new high SYDNEY: Australian shares hit their highest close in three-and-a-half months on Thursday as surging prices for oil and iron ore lifted major mining and energy companies, while New Zealand shares edged up to a fresh record. The S&P/ASX 200 index rose 56.7 points, or 1.1 percent, to 5,272.7 at the close of trade, its third day of gains in a row.New Zealand's benchmark S&P/NZX 50 index added 4.8 points, or 0.1 percent, to finish the ...

Markets - Equity - Australia

Australia shares slide on Qantas profit warning, resources; NZ hits record SYDNEY: Australian shares slipped on Monday, hurt by a profit warning from Qantas as well as sliding mining and energy stocks after talks by oil exporters on freezing output collapsed, while New Zealand stocks hit a new record. The S&P/ASX 200 index fell 20.4 points, or 0.4 percent, to 5,137.1 at the close of trade. After falling 2 percent in calendar 2015, the benchmark has struggled to make back ground, down another 3 percent so ...

Markets - Equity - Australia

Australia shares climb with commodities, NZ follows SYDNEY/WELLINGTON: Australian shares rose for a third straight session on Thursday as gains in key commodities such as iron ore and a strong finish on Wall Street helped calm recent jitters.The S&P/ASX 200 index rose 0.9 percent, or 45.45 points, to 5,100.1.That brought gains in the past three sessions to 3.4 percent and took the index to its highest since March 24.Miners led the rally, helped by another hefty rise in iron ore prices. The ...