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Australia shares rebound, retail sales beat expectations

australia-stock-exchangeSYDNEY: Australian shares rebounded from early losses on Monday after stronger-than-expected domestic retail sales figures helped boost sentiment, offsetting softer metals prices and a weak lead from offshore.


Australian retail sales rose a shade more than expected in September, although spending dipped for whole third quarter and opinions remain divided on whether interest rates will be cut again this week.


The S&P/ASX 200 index rose 0.3 percent or 14 points to 4,474.1 according to latest data. The benchmark edged up 0.1 percent on Friday.


New Zealand's benchmark NZX 50 index slipped 0.1 percent or 5.8 points to 3,908.3.


Copyright Reuters, 2012


Index Closing Chg%
Arrow DJIA 17,798.49 0.08
Arrow Nasdaq 5,127.52 0.22
Arrow S&P 2,090.11 0.06
Arrow FTSE 6,375.15 0.28
Arrow DAX 11,293.76 0.24
Arrow CAC-40 4,930.14 0.32
Arrow Nikkei 19,883.94 0.30
Arrow H.Seng 22,068.32 1.87
Arrow Sensex 26,128.20 0.65

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Foreign Debt $62.649bn
Per Cap Income $1,512
GDP Growth 4.24%
Average CPI 8.6%
Trade Balance $-2.197 bln
Exports $1.729 bln
Imports $3.926 bln
WeeklyNovember 23, 2015
Reserves $19.713 bln