08302016Tue
Last update: Tue, 30 Aug 2016 02am

Australia

Markets - Equity - Australia

Asia shares extend rally on China trade relief SYDNEY: Asian share markets extended early gains on Wednesday after upbeat Chinese trade data offered hope the economy was stabilising, underpinning both risk sentiment and commodity prices. China reported exports rose 18.7 percent in yuan terms in March, compared to a year earlier, while imports dipped only a slight 1.7 percent.That was a huge improvement on February, even though data at this time of year tends to be distorted by the new year holidays. The early investor reaction was to take the improvement on trust and push up China-sensitive assets such as the Australian dollar which climbed above 77 US cents. Shanghai stocks gained 1.9 percent while Japan's Nikkei rose 2.4 percent to its highest in eight sessions.MSCI's broadest index of Asia-Pacific shares outside Japan added 1.4 percent and Australia gained 1.1 percent. Oil prices pared some of their early losses, having run into profit-taking after a barnstorming performance on ...

Markets - Equity - Australia

Australia shares set for more losses, NZ gives ground SYDNEY: Australian shares were set to drop for a fourth straight session on Wednesday as local banks remain under pressure and after Wall Street took a spill ahead of what is expected to be a tough US earnings season.The local share price index futures fell 0.4 percent, a 34-point discount to the underlying S&P/ASX 200 index close. The benchmark lost 1.4 percent on Tuesday to hit a one-month low at 4,924.4.New Zealand's benchmark S&P/NZX 50 ...

Markets - Equity - Australia

Australia shares nudge higher with banks, NZ firm SYDNEY/WELLINGTON: Australian shares rose 0.7 percent on Monday as a firmer Wall Street and upbeat U.S. data helped lift markets across Asia, though a fresh drop in oil prices put the energy sector in the red.The S&P/ASX 200 index gained 34.6 points to 5,034.6 by 0340 GMT. That followed a U.S. jobs report that was strong enough to reassure on economic growth without being so hot as to bring forward a hike in interest rates ...

Markets - Equity - Australia

Australia shares set for mixed start, NZ market flat SYDNEY: Australian shares were set for an uncertain start on Monday as pressure on local bank stocks battles with the positive lead from a firmer close on Wall Street and upbeat US economic data.The local share price index futures rose 0.5 percent, leaving it in line with Friday's cash market close of 4999.39.The underlying S&P/ASX 200 index shed 1.6 percent on Friday, led by selling of bank stocks, partly on concerns about the risk of ...

Markets - Equity - Australia

Australia shares end lower, led by banks SYDNEY: Australian shares ended lower on Friday, weighed down by sell-offs in the major banks. The S&P/ASX 200 index dropped 1.64 percent, or 83.385 points, to close at 4999.400. The Big Four Australian banks were a major drag on the index, led by a 2.6 percent fall in Commonwealth Bank of Australia and a 2.1 percent drop in National Bank of Australia. The close put the ASX down 1.5 percent for the week, the second ...

Markets - Equity - Australia

Australia shares hit one-month lows, NZ slips SYDNEY/WELLINGTON: Australian shares fell to their lowest in a month on Friday as bank stocks came under renewed pressure, while the New Zealand market snapped a run of record highs. The S&P/ASX 200 index shed 1.6 percent, or 81.2 points to 5,001.60 by 0220 GMT, having earlier fallen as far as 4,987.9 - a low last seen on March 2. The benchmark was on track to end the week down more than 1 percent. The ...

Markets - Equity - Australia

Australia shares steady near 1-month low, NZ shares hit new record MELBOURNE: Australian shares ended up 0.1 percent on Wednesday, having earlier plumbed a one-month low, but recaptured the 5000-point marker as sentiment steadied following comments by the Federal Reserve chair.Appetite revived for global riskier assets after Federal Reserve Chair Janet Yellen signalled a slower pace of rate increases this year, potentially keeping the cost of capital cheaper for longer.The S&P/ASX 200 index rose to 5010.3 points at the close of trade having earlier hit the ...