Edition:
India

Soumyajit Saha

Australia shares post worst session in week as fresh lockdown weighs

12:29pm IST

July 8 Australian shares ended 1.5% lower on Wednesday, their worst session in more than a week, as investors refrained from making big bets after a lockdown was reimposed in the country's second-most populous state, slowing a broader national recovery.

Australia shares surrender gains on fresh virus-fuelled curbs

07 Jul 2020

July 7 Australian shares gave up early gains to close flat on Tuesday, as fresh restrictions to contain a spike in coronavirus cases in the country's second-largest state dented investor confidence.

Australia shares end lower as virus spike forces stringent curbs

06 Jul 2020

July 6 Australian shares closed lower on Monday, snapping four straight sessions of gains, as a spike in domestic cases of the novel coronavirus forced fresh restrictions and renewed fears of further economic pain.

Australia shares rise as strong U.S. jobs data rekindles recovery hopes

03 Jul 2020

July 3 Australian shares rose on Friday, on track for a fourth straight session of gains, after a record surge in U.S. payrolls for June raised hopes that a recovery from the coronavirus-led economic downturn was underway.

Australia shares set to open higher, NZ rises

03 Jul 2020

By Soumyajit Saha July 3 Australian shares were set to open higher on Friday as a record surge in U.S. payrolls for June raised hopes that a recovery from the coronavirus-led economic downturn was underway, while robust commodity prices are likely to support index heavyweights. Data showed U.S. nonfarm payrolls jumped by a record 4.8 million in June, which also helped boost oil prices. Meanwhile, iron ore prices strengthened on news of further government financial support in China. The local share price index futures rose 0.6%, a 15.3-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 1.7% on Thursday. New Zealand's benchmark S&P/NZX 50 index rose 0.2% in early trade. (Reporting by Soumyajit Saha in Bengaluru Editing by Chris Reese)

Australia shares rise on vaccine hopes, upbeat data

02 Jul 2020

July 2 Australian shares were higher on Thursday, taking cues from a robust Wall Street session overnight on promising results from a coronavirus vaccine trial, and on encouraging data from top economy United States and largest trading partner China.

Australia shares set to open higher, NZ rises

02 Jul 2020

By Soumyajit Saha July 2 Australian shares were set to open higher on Thursday after Wall Street gained overnight on promising results from a coronavirus vaccine trial, and on encouraging economic data from top economy United States and largest trading partner China. A COVID-19 vaccine developed by pharmaceutical giant Pfizer and Germany's BioNTech showed potential and was found to be well tolerated in early-stage human trials, and different sets of data from the top two economies showed factory activity rise in both the United States and China in June. The local share price index futures rose 0.7%, a 10.6-point premium to the underlying S&P/ASX 200 index close. The benchmark rose 0.6% on Thursday. New Zealand's benchmark S&P/NZX 50 index rose 0.4% in early trade. (Reporting by Soumyajit Saha in Bengaluru Editing by Chris Reese)

Australian shares rise on stimulus hopes; NZ lower

01 Jul 2020

July 1 Australian shares traded higher on Wednesday, boosted by hopes for further stimulus measures to prop up a pandemic-hit economy, although gains were capped by fears of a second wave of coronavirus infections.

Australia shares set to open slightly lower, NZ rises

01 Jul 2020

By Soumyajit Saha July 1 Australian shares were set for a slightly downbeat start to the third quarter on Wednesday, as fears of a second wave of coronavirus infections once again subdued optimism around further stimulus measures to support the economy. The local share price index futures fell 0.1%, a 12.9-point discount to the underlying S&P/ASX 200 index close. The benchmark rose 1.4% on Tuesday. In New Zealand, the benchmark S&P/NZX 50 index was up 1.76% in early trade. (Reporting by Soumyajit Saha in Bengaluru Editing by Chris Reese)

Australian shares track Wall Street higher on stimulus hopes

30 Jun 2020

June 30 Australian shares rebounded on Tuesday, tracking overnight gains on Wall Street amid hopes of further stimulus from the U.S. Federal Reserve to counter the coronavirus-led economic downturn, even as new cases pile up worldwide.

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