By Reuters Staff
2 Min Read
May 19 (Reuters) - Australian shares dropped the most in nearly three months on Wednesday, tracking overnight Wall Street losses, with banks and miners weighing heavily on the benchmark index.
The S&P/ASX 200 index fell 1.7% to 6,943.9 by 0037 GMT, snapping a three-day winning streak, and was on track to mark its worst session since Feb. 26. The benchmark rose 0.6% on Tuesday.
Major indexes on Wall Street fell overnight, as a sharp decline in telecom stocks and weak housing starts data overshadowed strong retail earnings.
Investors now await minutes from the U.S. Federal Reserve’s April policy meeting later in the day. Rising inflationary pressure in the United States has been increasing investor speculation that the Fed could possibly raise interest rates sooner than anticipated.
By Reuters Staff
2 Min Read
May 17 (Reuters) - Australian shares rose on Monday, driven by gold stocks on higher bullion prices, while Ampol and Viva Energy lifted the energy index after both fuel suppliers received a massive government funding to keep their refineries open.
The S&P/ASX 200 index was up 0.4% at 7,038.5 points, as of 0057 GMT. While the benchmark gained 0.5% on Friday, it clocked its biggest weekly drop since Feb. 26.
Energy stocks rose as much as 2.1% and eyed their best session in nearly two months, benefiting from a jump in Ampol Ltd and Viva Energy, while higher oil prices also helped.
(Adds analyst comment, context)
May 11 (Reuters) - Australia’s Boral Ltd on Tuesday urged its shareholders to reject a takeover offer from diversified investor Seven Group Holdings, saying that the offer of buying Boral shares at no premium was “opportunistic” and undervalued the company.
Seven, whose interests range from industrial services to media companies, on Monday offered to buy all the shares it does not already own in Boral for A$6.50 per share.
The offer by billionaire Kerry Stokes’ Seven Group came on the heels of a stellar 36% rally in Boral shares this year, underpinned by a hot property market and after Seven failed to increase its stake in the construction materials maker to 30%.
Asian stocks fall on China’s PMI, antitrust push
April 30, 2021 (Repeats. No change to text.) Graphic: World FX rates https://tmsnrt.rs/2RBWI5E Asian stock markets: https://tmsnrt.rs/2zpUAr4 Chinese PMIs weigh on regional equities Singapore stocks eye best week in seven Indian stock eye best week in 13 By Harish Sridharan April 30 (Reuters) – Most equity markets in emerging Asia
slipped on Friday, brushing off a firmer Wall Street lead as
weaker-than-expected Chinese factory indicators and concerns
about Beijing’s clampdown on internet companies weighed on
sentiment. Data from the national Bureau of Statistics (NBS) in China
showed that the official manufacturing purchasing managers’
Asian stocks jittery ahead of Fed meeting; virus cases in India dip
April 27, 2021 Graphic: World FX rates https://tmsnrt.rs/2RBWI5E Asian stock markets: https://tmsnrt.rs/2zpUAr4 Virus surge dampens risk sentiment across the region South Korea reports better-than-expected economic growth Malaysian stocks eye worst session in 4-weeks By Harish Sridharan April 27 (Reuters) – Asian stocks lacked direction on
Tuesday, as a surge in virus cases in the region and the U.S.
Federal Reserve’s meeting this week kept investors on edge,
while stocks in India gained after new coronavirus cases in the
country retreated from Monday’s record levels.