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Australia shares post biggest gain in a year on upbeat Fed SYDNEY/WELLINGTON: Australian shares posted their biggest gain in a year on Thursday, as an upbeat economic assessment from the Federal Reserve triggered a relief-rally in global markets unnerved by financial turmoil in Russia and tumbling oil prices. Overnight, the Fed gave a confident assessment on the economy and promised to be patient in removing policy stimulus. A sharp bounce in oil prices off multi-year lows also provided relief for Australia's battered energy sector. "The rally was inspired by the FOMC statement last night," said Ben Le Brun, a market analyst at OptionsXpress, referring to the Fed's Federal Open Market Committee. "The other factor is the (upward) pressure in the oil market and commodities that will feed through the performance of the Aussie stock market." The S&P/ASX 200 index surged 1.6 percent or 83.44 points to 5245.3 by 0120 GMT, its biggest one-day rally since Dec. 19, 2013, and closing on ...

Australian shares tipped to end 2015 at highest since financial crisis SYDNEY: Australia's benchmark share index is set to end 2015 at their highest since May 2008, a Reuters poll found, as prevalent risks from weak commodity prices are seen eclipsed by an improving U.S. economy and hefty inflows from pension funds.Analysts had previously forecast the S&P/ASX 200 index would hit 5,700 points by the end of 2014 but a recent market rout led by a slump in iron ore and oil prices forced them to ...
Australia shares close at 10-month low as commodities drag resources SYDNEY: Australian shares slid to a 10-month low on Tuesday as sunken commodity prices dragged resources stocks, while other industrial sectors pared losses because of their attractive yields after a selloff lasting several months. The S&P/ASX 200 index ended down 0.7 percent, or 33.78 points, at 5152.3, its lowest close since Feb. 6. The benchmark has fallen for the last six sessions and is down 9 percent from its Sept. 2 peak. New Zealand's benchmark ...
Australia shares fall sixth day, losses narrow as investors see value SYDNEY/WELLINGTON: Australian shares fell for a sixth straight session on Tuesday as sunken commodity prices dragged down resources stocks while other industrial sectors pared losses because of the attractive yields they offer after a selloff lasting several months. By 0130 GMT the S&P/ASX 200 index was down 0.4 percent or 21.18 points at 5164.6. The benchmark is now 9 percent under its Sept. 2 peak and down 3.5 percent since the start of the year. ...
Australia shares set to fall for 6th straight session SYDNEY: Australian shares will likely fall for a sixth straight session on Tuesday, tracking weakness in Wall Street and plummeting oil prices.The local share price index futures tumbled 0.6 percent overnight to 5,145, a 41.08-point discount to the underlying S&P/ASX 200 index. The benchmark eased 0.6 percent on Monday to near two-month lows.New Zealand's benchmark NZX 50 index fell 0.18 percent in early trade.Outdoor clothing company SurfStitch debuts on the Australian Securities Exchange after raising ...
Australia shares dip 0.6pc on oil woes & hostage incident SYDNEY: Australian shares fell for a fifth straight session on Monday following a slide in oil prices, while deteriorating government finances and a hostage incident in Sydney further undermined sentiment. The S&P/ASX 200 index eased 33.4 points, or 0.6 percent, to 5,186.1 at the close of trade, pulling closer to a two-month low of 5,122. New Zealand's benchmark NZX 50 index fell 0.3 percent or 15.8 points to finish the session at 5,499. Copyright Reuters, ...
Australia shares fall for 5th session as oil slumps SYDNEY/WELLINGTON: Australian shares slipped 1 percent on Monday, led by resources and financials, as oil prices fell to fresh five-year lows. Also undermining sentiment was a hostage siege in the heart of Sydney, where dozens of people were believed to be trapped inside a cafe, raising fears of an attack by Islamic militants. The S&P/ASX 200 index fell 49.9 points to 5,169.60 by 01:20 GMT, its fifth straight session of losses, pulling closer to a ...


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ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-999 mln
Exports $2.064 bln
Imports $3.063 bln
WeeklyMarch 13, 2015
Reserves $16.273 bln