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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, National Australia Bank, rose 0.2 percent. Other financials including insurance companies also propped up the market, with Suncorp Group climbing 0.8 percent and Insurance Australia Group Ltd gaining 0.7 percent. Stocks among the 'Big Four' banks were bid up as investors went for high dividend yields of 4.7 percent to 5.7 percent. The S&P/ASX 200 index was 9 points higher to 5,540.7 by 0236 GMT. The benchmark added 0.2 percent on Friday and rose 0.8 ...

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 ...
Australia shares seen opening flat, shored up by miners MELBOURNE: Australian shares were set to open steady on Wednesday, with gains in the big miners on the back of improving iron ore prices likely to offset any selling sparked by US Federal Reserve Chairman Janet Yellen's concern about overvalued stocks.Local share price index futures rose 0.1 percent to 5,467.0, but that was a 44.3-point discount to the underlying S&P/ASX 200 index. The benchmark ended flat on Tuesday.New Zealand's benchmark NZX 50 index slipped 3.2 ...
Australian shares flat but Chinese GDP, miners buoy sentiment SYDNEY/WELLINGTON: Australian shares traded flat on Wednesday, with gains in big miners on the back of improving iron ore prices and a slight pick-up in Chinese GDP offseting worries sparked by US Federal Reserve Chair Janet Yellen's comments about overvalued stocks. Banks lost ground for a second session, with top bank by market capitalisation Commonwealth Bank of Australia and Westpac Banking Corp, the second biggest, both losing 0.4 percent. Analysts said a government-backed report on ...


Index Closing Chg%
Arrow DJIA 17,172.68 0.62
Arrow Nasdaq 4,527.69 1.14
Arrow S&P 1,994.29 0.80
Arrow FTSE 6,773.63 0.94
Arrow DAX 9,749.54 0.51
Arrow CAC-40 4,442.55 0.42
Arrow Nikkei 16,205.90 0.71
Arrow H.Seng 23,955.49 1.44
Arrow Sensex 27,206.74 0.43

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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