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Australia shares slip to 11-week low, investors eye Fed SYDNEY/WELLINGTON: Australian shares eased to an 11-week low on Wednesday on worry the US Federal Reserve may begin to raise rates although an extended recovery in miners tempered losses. High-yielding stocks, including the 'Big Four' banks, fell as investors trimmed equity holdings.The country's top lender by assets, National Australia Bank m declined 0.8 percent and Australia's No.3 lender, Australia and New Zealand Banking Group, dropped 1.4 percent. Australia's biggest telecommunications provider Telstra Corp Ltd slipped 0.2 percent.Martin Lakos, a division director at Macquarie Bank, said he suspects overseas investors were selling down, with markets concerned about the outcome of the Federal Open Market Committee meeting and when the Fed will shift its policy. "You're seeing that weakness flow into Australian banks because typically, as bond yields rise, you tend to see a shift towards growth and away from defensives and high-yielding securities," Lakos said, adding that he thought market jitters ...

Asia shares rise on Fed, China policy speculation SYDNEY: Asian shares were tentatively higher on Wednesday after Wall Street rebounded on speculation the Federal Reserve would maintain a pledge on low rates when a two-day policy meeting ends later in the session. The Dow hit a fresh record while the US dollar took a knock after the Wall Street Journal's Fed watcher Jon Hilsenrath said the central bank would keep the words "considerable time" in its policy statement, though it might qualify them. ...
Australia shares dip on weak Wall Street, resources climb SYDNEY/WELLINGTON: Australian shares slipped 0.1 percent on Tuesday, following a weaker lead from Wall Street that dampened local sentiment, though mining stocks climbed after battered iron ore prices jumped overnight, paring further losses. Spot iron ore posted its biggest one-day rise since March overnight as firmer spot steel prices in China spurred a rebound from recent 5-year lows, although the recovery is seen as fragile amid growing signs of weakness in the economy. The resources ...
Australia shares post biggest loss in 5 weeks on China worries SYDNEY: Sydney shares suffered their biggest loss in five weeks on Monday, as investors were rattled by weak economic data from China - Australia's largest export market. The S&P/ASX 200 index slumped 1.0 percent, or 57.64 points, to 5,473.5 points at the close of trade, its biggest one-day percentage loss since August 8. The benchmark fell 0.3 percent on Friday and lost 1.2 percent for the week, its biggest weekly drop in five weeks. New ...
Australia shares lose ground on China data, miners recover modestly SYDNEY/WELLINGTON: Australian shares dipped 0.7 percent on Monday led by a confluence of negative factors including weak economic data from China and investor concerns that the US Federal Reserve may raise interest rates sooner than expected. China, Australia's largest export market, posted the weakest pace of expansion in factory output in nearly six years over the weekend while growth in other key sectors also cooled, raising fears it may be at risk of a sharp ...
Australia shares dip on miners, Myer, but US exposed stocks buoyant SYDNEY: Australian shares shed 0.51 percent on Thursday with miners slipping after iron ore prices continued to decline, while investors dumped retailer Myer Holdings Ltd after a disappointing earnings report. Elsewhere, startlingly strong Australian jobs data helped the Aussie currency bounce, though it was still hovering near five-month lows, which helped stocks with large revenues in US dollars buoy the market. The S&P/ASX 200 index fell 28.18 points to 5,546.1 at the close of trade, ...
Australia shares dragged lower by iron ore, retailer Myer slumps SYDNEY/WELLINGTON: Australian shares reversed early gains to slip 0.2 percent on Thursday as weakness among miners, while investors dumped retailer Myer Holdings Ltd after a disappointing earnings report. But, with the Aussie dollar weakening, stocks in companies who receive a large portion of their revenues in US dollars helped shore up the market. Myer dropped 8.5 pecent to trade at six-week lows after the department store operator posted a 22.6 percent fall in annual profit. ...


Index Closing Chg%
Arrow DJIA 17,827.75 0.07
Arrow Nasdaq 4,787.32 0.61
Arrow S&P 2,072.83 0.28
Arrow FTSE 6,729.17 0.03
Arrow DAX 9,915.56 0.55
Arrow CAC-40 4,373.42 0.20
Arrow Nikkei 17,383.58 0.14
Arrow H.Seng 24,111.98 1.12
Arrow Sensex 28,386.19 0.17

Banking Review 2013

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln