“We had a fairly flat US session overnight, and
that didn’t give us any strong leads over here and
in Asia,” IG market analyst Angus Nicholson told
“We did have such a strong performance on the ASX
“Closing above 5,200 is very positive for the
index going forward so, maybe, we might see a pull
Investors weren’t keen to buy in big sums on
Friday,Cheap Jerseys china
count.com with only marginal gains in the
All the big four banks were up a little over half
a per cent.
Despite low oil and iron ore prices overnight, the
big miners were seeing some gains, with BHP
Billiton clawing back some of its value in the
wake of the Brazilian mining disaster. It was up
43 cents at $20.85 at 1019 AEDT.
Rival Rio Tinto was up $1.18 at $49.86.
The low oil price seems to have affected Santos
the most. It was down 14 cents at $4.19, while
Origin lost two cents to $5.43. But Woodside
Petroleum gained nine cents to $30.59.
Primary health Care was down 43 cents, or 11.94
per cent, at $3.17 after it said it expected
earnings to be five per cent lower than last year.
But Kathmandu, announcing strong same store sales
growth, reaffirmed its full year profit guidance.
It’s shares were up 15 cents, or 10.2 per cent, at
Locally, in economic news on Friday, the
Australian Bureau of Statistics releases its
National Accounts: State Accounts data, while the
Commonwealth Bank business sales indicator for
October is also due out.
In equities news, Macquarie Telecom Group, ResMed,
AWE, PMP, Slater and Gordon, AV Jennings, Myer,
Automotive Holdings, Capilano Honey and Kathmandu
have annual general meetings.
NEW YORK Wall Street has wobbled and ended a
three day rally after UnitedHealth cut its profit
forecast, offsetting gains in Intel and other
Data on Thursday appeared to support the Federal
Reserve’s view of a strengthening labour market
ahead of its December meeting. The number of
Americans filing for unemployment benefits fell
Minutes from the Fed’s October meeting, released
on Wednesday, hardened expectations of a December
interest rate hike and hinted at a cautious
approach after that.
Investors are increasingly looking to what the Fed
might do in 2016 and many are becoming more
cautious, said David Carter, chief investment
officer at Lenox Wealth Advisors in New York.
“We would not be surprised if we limp through to
mid December,” Carter said. “It’s less than a
month away from the Fed decision and I’m not sure
anyone wants to put big trades on before that.”
LONDON European stock markets have rebounded,
hopping onto the coattails of a global rally after
the Federal Reserve suggested a likely US interest
rate increase in December on growing economic
Meanwhile, the euro shot up above $US1.07 as the
minutes from the latest ECB meeting didn’t
indicate any radical increase in stimulus that
would weaken the currency.
European “gains petered out throughout the day
after caveated European Central Bank minutes
showed officials deliberated increasing stimulus
in October but decided that low inflation lasting
longer does not necessitate cutting rates or
expanding the level of quantitative easing,” said
markets analyst Jasper Lawler at CMC Markets UK.
“Clearly the removal of the uncertainty around the
US rate hike is seen as being far more preferable
to investors than keeping them at record lows for
a little longer,” said Craig Erlam, senior market
analyst at Oanda trading group.
HONG KONG Asian stocks and emerging market
currencies have rallied after minutes from the
Federal Reserve showed growing confidence in the
US economy, ramping up the chances of a December
interest rate hike.