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Australia shares trade at new 6-year highs, miners strong SYDNEY/WELLINGTON: Australian shares added 0.7 percent on Wednesday, rising to fresh six-year highs after Wall Street gained on solid earnings and investors digested a mixed inflation report, but tensions in Gaza and Ukraine kept gains in check. Blue chip stocks underpinned the market, with the 'Big Four' banks gaining ground and global miners rising as zinc hit a three-year high and aluminium touched a 16-month peak overnight. Among top-tier miners, BHP Billiton Ltd, the world's third-largest supplier of iron ore, jumped 1.8 percent, and Rio Tinto Ltd climbed 0.9 percent. BHP beat its own guidance for full-year iron ore output, mining a record 225 million tonnes in fiscal 2014, 4 percent ahead of its forecast. "I think the BHP production result has really underscored the positive sentiment in the market," said Ben Le Brun, a market analyst at OptionsXpress. "The gains that we have been seeing have been on very ...

Asia stocks mostly higher, optimistic on US earnings SYDNEY: Most Asian stock markets edged higher on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of US corporate earnings ahead of a host of results due this week. Volumes were very light as Japanese markets took a holiday. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, with modest increases for most markets across Asia. Spread betters predicted opening gains of 0.1 to ...
Australia shares tick higher, though constrained by resources SYDNEY/WELLINGTON: Australian shares rose 0.2 percent on Monday, underpinned by a rebound on Wall Street and a robust banking sector, though gains were limited by the resources sector as metals prices fell. US stocks rose on Friday, rebounding a day after the S&P 500 suffered its worst slide since April 10, with the three major indexes gaining. Commonwealth Bank of Australia, Australia's top bank by market capitalisation, added 0.1 percent, while top lender by assets, ...
Asian stocks shade firmer, upbeat on US earnings SYDNEY: Asian stocks were a fraction firmer on Monday as investors set aside geopolitical concerns for the moment to focus on the generally upbeat flow of US corporate earnings ahead of a host of results due this week. Volumes were light, however, with Japanese markets on holiday.MSCI's broadest index of Asia-Pacific shares outside Japan added 0.24 percent, with small gains for most markets across Asia.A crowd of US companies report this week, ranging from Apple ...
Australia shares edge higher on miners, AGL falls after carbon repeal SYDNEY: Australian shares rose 0.1 percent on Thursday as Wall Street edged higher and firmer metal prices helped prop up the mining space, though a fall in the country's second-largest power retailer tempered gains. AGL Energy Ltd tumbled 5.5 percent, its largest one-day percentage fall since 2009, after saying the federal government's repeal of the carbon tax will hurt its profit by approximately A$186 million.The S&P/ASX 200 index eased 3.5 points to 5,522.4 points at ...
Australia shares gain ground in broad rise as resources jump SYDNEY/WELLINGTON: Australian shares added 0.5 percent on Thursday as Wall Street edged higher, while an uptick in metals prices helped support the mining space. US stocks rose on Wednesday with the Dow Jones industrial average closing at a record high, boosted by the latest merger news and some strong corporate earnings. The broader market was propped up by a strong resource sector.Aluminium touched its highest in 16 months, while benchmark 62 percent grade iron ore ...
Asian stocks steady as China GDP growth hits target SYDNEY: Asian stocks held stubbornly steady on Wednesday after China reported economic growth that was just ahead of market expectations, drawing a sigh of relief from investors rather than outright applause. China's economy expanded by 2.0 percent in the second quarter from the previous quarter, taking annual growth to 7.5 percent. Retail sales and industrial output were either in line with forecasts or slightly higher. The data confirmed the Asian giant had stabilised after a ...


Index Closing Chg%
Arrow DJIA 17,265.99 0.64
Arrow Nasdaq 4,593.43 0.68
Arrow S&P 2,011.36 0.49
Arrow FTSE 6,819.29 0.57
Arrow DAX 9,798.13 1.41
Arrow CAC-40 4,464.70 0.75
Arrow Nikkei 16,067.57 1.13
Arrow H.Seng 24,168.72 0.85
Arrow Sensex 27,112.21 1.81

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Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.434 bln
Exports $1.930 bln
Imports $3.364 bln
WeeklySeptember 18, 2014
Reserves $13.525 bln