01182017Wed
Last update: Wed, 18 Jan 2017 10am

Australia

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 down by 0.3 percent or 21 points at 6970.55.The New Zealand dollar soared to a one-year high after the nation's central bank kept interest rates steady as expected, even as some in the market had wagered on a cut. Copyright Reuters, 2016 ...

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 ...

Markets - Equity - Australia

Australia shares fall to over 2-week lows, New Zealand shares ease SYDNEY/WELLINGTON: Australian shares fell to more than two-week lows on Thursday as market sentiment remained under pressure from weak Chinese economic data and expectations that Australia may delay widely expected interest rate cuts.The S&P/ASX 200 index fell 0.9 percent, or 48.07 points to 5,275.1 by 0254 GMT, the lowest since May 9. The benchmark fell 1 percent on Wednesday."There are a range of factors weighing today. The key one I think is the disappointment over ...

Markets - Equity - Australia

Australia, New Zealand shares ease on weakness in banks, miners MELBOURNE/WELLINGTON: Australian and New Zealand shares fell on Wednesday, as investors took profits in banks, miners and energy stocks, but surprisingly strong Australian first quarter economic growth helped stem market losses.The S&P/ASX 200 index was down 0.9 percent, or 47.3 points, at 5,331.3 by 0209 GMT after touching a low of 5,306.3.Australia's gross domestic product grew 1.1 percent in the March quarter from the previous quarter, well above forecasts thanks to strong exports, which drove ...