Wednesday, 07 November 2012 11:20
Posted by Imaduddin
MELBOURNE: Australian shares rose 0.7 percent on Wednesday, with banks and miners to the fore, but investors were cautious awaiting Wall Street's reaction to the re-election of USPresident Barack Obama.
Retailers declined after policymakers left Australia's official cash rate unchanged this week.
"Local investors were trading in non-committal fashion today until we see what verdict Wall Street delivers in response to the election result," said Tim Waterer, trader at CMC Markets.
The benchmark S&P/ASX 200 index gained 31.7 points ...
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MELBOURNE: Australian shares were little changed in opening deals on Tuesday as investors waited for details on Greek aid talks and developments in US budget discussions before making major portfolio decisions.
Shares in CSL Ltd, the world's No. 2 blood products maker, jumped 6 percent to a record high after it lifted full-year net profit forecast to a rise of 20 percent from 12 percent previously.
The benchmark S&P/ASX 200 index rose 2.4 points or 0.05 percent to 4,426.6 at 2312 GMT. The benchmark added 0.3 percent on Monday.
New Zealand's benchmark NZX 50 index was flat at 4,012.1.
Copyright Reuters, 2012 ...
MELBOURNE: Australian shares rebounded 1.3 percent to a one-week high on Thursday as investors embraced risk assets after the declaration of a ceasefire on the Gaza strip, and as expectations for a cut to official interest rates in coming weeks rise.
The local market has not gained more than 1 percent in a single session since Oct. 2, when the central bank last lowered interest rates to stimulate the non-mining parts of Australia's economy.
This week, policy ...
MELBOURNE: Australian shares fell 0.8 percent on Thursday, paring steeper losses after local October employment figures topped expectations with a steady jobless rate of 5.4 percent, a modestly encouraging report that boosted the local dollar.
"The full-time component has been up for four consecutive months now," said Su-Lin Ong, senior economist at RBC Capital Markets.
"You've got to take the numbers at face value and they suggest a moderate-type economy," she said.
The benchmark S&P/ASX 200 index was ...
