Thursday, 14 February 2013 11:22
Posted by Parvez Jabri
MELBOURNE: Australian shares rose 0.7 percent on Thursday to consolidate the market's hold around a four-and-a-half year high, as miners rallied on expectations new Rio Tinto Chief Executive Sam Walsh could impress when the company reveals its full-year earnings later in the day.
Gains in some banking stocks and others, such as Wesfarmers, also boosted the local bourse.
The market has been on a strong run for several months, climbing 8 percent since the start of the ...
263
SYDNEY: Australian shares closed 0.4 percent lower on Wednesday, clawing back earlier losses on hopes that the US Federal Reserve will stick to its stimulus policy.The S&P/ASX 200 index lost 20.1 points to close at 4,967.3, according to the latest data, its lowest since February 12. The benchmark had lost 0.6 percent on Tuesday.New Zealand's benchmark NZX 50 index ended up 0.1 percent at 4,349.4. Copyright Reuters, 2013 ...
SYDNEY: Australian shares rallied 1.8 percent on Friday, led by the financial sector after the Dow Jones Industrial Average extended its run of record highs and as miners rebounded from early losses.Westpac Banking Corp surged 2.5 percent, leading big bank stocks higher, while top mortgage lender Commonwealth Bank of Australia advanced 1.9 percent.Global iron ore miners BHP Billiton Ltd rallied 1.3 percent and rival Rio Tinto Ltd climbed 1 percent, bouncing back from previous session ...
SYDNEY: Australian shares are set for a sluggish start on Monday, as lower metal prices hold resource stocks back and patchy global economic data encourages some investors to book profits after a strong rally for risk assets this year.Local share price index futures edged down 0.1 percent, or 5 points, to 5,069. That left futures at a 17.1-point discount to the underlying S&P/ASX 200 index, which slipped 0.4 percent on Friday following a strong rally ...
SYDNEY: Australian shares rose 0.8 percent on Monday, ending off their highs after a survey showed a pull-back in China's factory activity, but strong financial and retail stocks kept the index near a 4-1/2 year peak hit last week.The benchmark S&P/ASX 200 index gained 37.7 points to 5,055.8, according to the latest data. The index rose 0.8 percent on Friday, but lost 0.3 percent last week.New Zealand's benchmark NZX 50 index rose 0.3 percent to ...
MELBOURNE: Australian shares rose 0.7 percent on Thursday to consolidate the market's hold around a four-and-a-half year high, as miners rallied on expectations new Rio Tinto Chief Executive Sam Walsh could impress when the company reveals its full-year earnings later in the day.
Gains in some banking stocks and others, such as Wesfarmers, also boosted the local bourse.
The market has been on a strong run for several months, climbing 8 percent since the start of the ...
