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Australian shares have risen to a month high as an upbeat start to the US earnings season and hopes of further monetary easing in China sparked a rally in global stocks.
US stocks posted moderate gains Tuesday, lifted by a positive start to the corporate earnings season and Chinese trade data that spurred speculation that Beijing would loosen monetary policy.
US stocks posted moderate gains Tuesday, lifted by a positive start to the corporate earnings season and Chinese trade data that spurred speculation that Beijing would loosen monetary policy.
Vow to limit contractors’ rights – The Aus; Ichthys hooks Taiwan LNG contract – The Fin; Sage, Middlemas in windfall – The West; Migrants claim bulk of the jobs – The Aus; Labor’s Holden jobs rescue – The Fin
The Queensland government has ordered an immediate suspension of some dredging in Gladstone Harbour, which is being deepened to support planned gas exports.
Australian shares added 1.1 per cent after positive Chinese trade data boosted markets already buoyed by positive US earnings and hopes for a pick up in local buyout deals.
A takeover push for clothing and footwear maker Pacific Brands could mark the start of a buying spree among private equity firms in search of bargains, analysts say.
Australian shares extended early gains after a positive start to the United States earnings season and news of more interest from private equity firms in local companies.
US stocks managed modest gains Monday as Wall Street awaited the unofficial kickoff of the fourth-quarter earnings season and talks between France and Germany on Europe's debt crisis.
European shares fell on Monday in thin trade, dragged down by banking stocks after Unicredit's rocky start to its key rights issue and worries about prospects for the U.S. earnings season.
Christmas Island oil spill threat; Loyalty pays off for Rinehart heir; Shipping chiefs fire warning shot on work laws; Miles Kennedy to revive Fortnum Gold; KKR eyes PacBrands $600m buyout
Australian shares open slightly higher after strong US non-farm payroll data released on Friday buoyed hopes that the world's largest economy is on the mend.
Western Australia's indigenous affairs minister Peter Collier has refused to comment on an Aboriginal group's claim he eased mine consent conditions to help his mining magnate friend Andrew Fo
Australian stocks ended 1.2 per cent lower as another slump in retail stocks and sagging investor sentiment over the eurozone debt crisis weighed on the market.