05022016Mon
Last update: Mon, 02 May 2016 01pm

Australia

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 there.Local data, in contrast, were mainly soft, with retail sales flat in February and inflation hitting a seven-month low in March according to the Melbourne Institute.The Reserve Bank of Australia (RBA) holds its April policy meeting on Tuesday and is widely expected to keep the cash rate at a record low 2 percent.Any further weakness in consumer spending and inflation, however, would add to the case for a further easing, perhaps as early as May.The ...

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 ...

Markets - Equity - Australia

Australia shares see winning streak end, NZ hits another record SYDNEY: Australian shares ended a week-long winning streak and fell on Tuesday as investors took profits on banks and miners, while New Zealand shares rose to a new record. The S&P/ASX 200 index fell 34.8 points, or 0.7 percent, to 5,108.0 at the close of trade, its first decline in seven sessions.New Zealand's benchmark S&P/NZX 50 index added 27.8 points, or 0.4 percent, to finish the session at 6,446.7, its fourth day in a row ...

Markets - Equity - Australia

NZ stocks up as a2 Milk soars, Australia seen subdued SYDNEY: New Zealand stocks rose for a third session on Wednesday after upbeat results whipped shares in a2 Milk into a froth, while renewed weakness in oil prices could see a more subdued start for the Australian market.New Zealand's benchmark S&P/NZX 50 index rose 0.95 percent, or 57.46 points, to 6,132.83 in early trade. Underpinning the rally is a 26-percent surge in a2 Milk , which reported a jump in total revenue and lifted its ...