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Weak commodities pummel Australian shares, NZ scales new heights SYDNEY/WELLINGTON: Australian shares retreated on Tuesday as commodity prices fell, while New Zealand stocks set a fresh record high. Trading volume is likely to remain thin this week with many investors away for New Year holidays. The market will be closed on Thursday. At 0118 GMT, the S&P/ASX 200 index was off 0.4 percent, or 21.38 points, to 5,452.4, but held near a seven-week peak of 5,486.7 touched in early trade. The benchmark rose 1.5 percent on Monday and after having drifted between negative and positive territory this month, it looked on track for a gain of around 2 percent for 2014. Still, the Australian share market was poised to finish around the half-way mark of global share markets. CommSec's Chief Economist Craig James said the softer performance was due to lower commodity prices, which pressured resources shares. Prices of iron ore, Australia's top export, have tumbled 50 percent this ...

Australia & NZ shares slip on weak commodity prices, Greece SYDNEY: Australian and New Zealand shares retreated on Tuesday as falling commodity prices and political uncertainty in Greece made investors avoid risk. The S&P/ASX 200 index, which gained 1.5 percent on Monday, slipped 1 percent to 5,416.600 at the close of trade, pulling back from a seven-week peak of 5,486.7.For the year, the benchmark was up 1.2 percent. On Tuesday, technology and energy sectors suffered the most, with losses of nearly 2 percent. Financials and ...
Australia shares set to open higher tracking Wall Street SYDNEY: Australian shares are likely to have a firm start on Monday after Wall Street closed at records on Friday.The S&P/ASX 200 index edged up in a shortened Christmas Eve session, while New Zealand's benchmark NZX 50 index eased 0.2 percent in early trade, a whisker away from record highs touched last week.For a summary of overnight action across global markets, double click onCopyright Reuters, 2014 ...
Australia shares rise in thin trade, NZ index hits record high SYDNEY/WELLINGTON: Australian shares rose 1 percent on Monday in thin holiday-time trading, led by gains in mining, energy and telecommunications, while New Zealand stocks rose to record highs. Trading volume is likely to remain thin this week, with many investors away for New Year holidays. The market will be closed on Thursday. At 01:17 GMT, the S&P/ASX 200 index was up 55.46 points to a seven-week peak of 5,450. Iron ore miner Fortescue Metals Group ...
Australian dollar hits 4-1/2-year low on China growth worries LONDON: The Australian dollar hit a 4-1/2-year trough against its U.S. counterpart on Tuesday as prices of iron for construction fell in China amid weak demand from the property sector and after Australia's premier warned of heightened "terrorist chatter".Following the siege in a Sydney cafe a week ago, Australian Prime Minister Tony Abbott said the public must remain alert as the country headed into Christmas and New Year celebrations, helping to prod lower an Aussie ...
Australia shares seen flat after 4-day rally SYDNEY: Australian shares will likely tread water on Tuesday as investors pause after a 4-day rally while falling commodities and oil prices will further weigh on sentiment.Stock index futures fell 0.3 percent overnight to 5,393 points, a 49-points discount to the underlying S&P/ASX 200 index. The benchmark closed up 2 percent on Monday.New Zealand's benchmark NZX 50 index rose 0.3 percent in early trade.Telstra will be in focus after Australia's largest telecom services provider said ...
Asia heartened by Wall St high, dollar in demand SYDNEY: Asian markets should be well underpinned on Tuesday after Wall Street closed at historic highs while oil prices suffered a vicious setback after Saudi Arabia quashed all thought of cutting supply. The revival in risk appetites undermined the safe haven yen and kept the US dollar elevated across the board, while sovereign bonds were content to consolidate recent gains. Equity investors chose to focus on the benefits that falling fuel prices would have for ...


Index Closing Chg%
Arrow DJIA 18,041.54 1.04
Arrow Nasdaq 5,032.75 1.11
Arrow S&P 2,104.20 1.03
Arrow FTSE 6,948.99 1.18
Arrow DAX 11,625.13 1.61
Arrow CAC-40 5,083.54 0.66
Arrow Nikkei 20,437.48 0.12
Arrow H.Seng 28,249.86 0.92
Arrow Sensex 27,531.41 0.41

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.795 bln
Exports $1.995 bln
Imports $3.790 bln
WeeklyMay 26, 2015
Reserves $17.749 bln