05252016Wed
Last update: Wed, 25 May 2016 06pm

Australia

Markets - Equity - Australia

Australia stocks slump 2.01pc on Greece, China worries SYDNEY: Australian stocks slumped 2.01 percent Wednesday after European leaders handed debt-stricken Greece a final deadline to reach a new bailout deal and China's volatile markets continued their slide.At the close, the benchmark S&P/ASX200 index was 111.9 points lower at 5,469.5, wiping out all its gains on Tuesday.Analysts said Greece being given until Sunday to thrash out an agreement and avoid crashing out of the euro, coupled with another rout in China, was hurting sentiment."News that the Greek crisis is heading towards another weekend crunch point, steep declines in metals prices and concerns about the implications of ongoing volatility in China's stock market for the wider economy are all causes of concern for share traders," said CMC chief market analyst Ric Spooner.IG Markets strategist Chris Weston added: "For traders there are only two games in town and these remain China's equity markets and the Greek negotiations."In late trade the Australian ...

Markets - Equity - Australia

Australian stocks rally 1.94pc despite Greece SYDNEY: Australian stocks rallied 1.94 percent Tuesday, shrugging off the crisis in Greece as investors snapped up oversold shares.The benchmark S&P/ASX200 index closed 106.4 points higher at 5,581.4, reclaiming its losses from Monday, ahead of a hastily arranged emergency summit of the 19 eurozone countries in Brussels.Phillip Capital senior client adviser Michael Heffernan said investors were realising Greece's troubles were of little consequence for Australia."With the equanimity from European markets, not just from yesterday but ...

Markets - Equity - Australia

Australian stocks down 1.53pc at open after Greek vote SYDNEY: Australian stocks dropped 1.53 percent at the open Monday after Greece rejected fresh austerity demands by the country's EU-IMF creditors in a landmark referendum.The benchmark S&P/ASX200 index was trading 84.7 points lower at 5,453.6 soon after the start, although weekend moves by China to stabilise its volatile local markets appeared to help stem some of the bleeding.Copyright AFP (Agence France-Presse), 2015 ...

Markets - Equity - Australia

Australia shares end lower on Greece caution, NZ outperforms SYDNEY: Australian shares ended the week with a whimper as investors took some risk off the table ahead of a referendum in Greece that could decide the country's future in the euro zone. The S&P/ASX 200 index fell 1.1 percent on Friday to 5,538.3, finishing the week with a 0.1 percent loss.New Zealand's benchmark NZX 50 index closed a touch lower at 5,840.9, having turned around from a three-week high of 5,872.7. The index was ...

Markets - Equity - Australia

Australia shares turn lower as Greek worries sting SYDNEY: Australian shares ended lower on Thursday, coming off a three-week peak set the previous day as investors turned cautious amid renewed worries about a Greek default.The S&P/ASX 200 index shed 1.0 percent, or 54.1 points, to 5,632.7, recoiling from a three-week high of 5,705.8 set in the previous session. It was market's first negative close this week.New Zealand's benchmark NZX 50 index finished 0.7 percent, or 42.2 points, lower at 5,733.3.Without a deal by ...

Markets - Equity - Australia

Australia shares snap 3-day losing streak to rise 1.2pc SYDNEY/WELLINGTON: Australian shares snapped a three-day losing streak to rise 1.2 percent on Wednesday, led by broad-based gains across sectors as investors cherry-picked stocks at bargains, although they still worried about Greece's potential exit from the eurozone. Analysts said more money moved into equities from bonds after yields dropped on Greece's woes. Investors also awaited the Federal Reserve's latest take on the US economy and interest rates. Australia's benchmark S&P/ASX 200 index rose 61.1 points ...

Markets - Equity - Australia

Australia shares pare losses but Greece fears weigh SYDNEY: Australian shares recovered from early lows to end marginally down on Monday, led by buying interest in banks and industrial stocks, while fears that Greece may leave the eurozone weighed on investors' sentiment.The S&P/ASX 200 index finished 0.1 percent lower at 5,538.8 points, its second straight day of losses, recovering from an intra-day low of 5,492.1. The benchmark fell 0.2 percent on Friday. Australia's resource-dependent economy has been hurt by a crash in commodity ...