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Tag Archives: Energy stocks

Australia shares edge higher as oil price lifts energy stocks

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WELLINGTON: Australian shares snapped a six-day losing streak and rose slightly on Wednesday after a surge in the oil price lifted energy stocks while banks gained on hints the central bank may raise rates again this year. The S&P/ASX 200 index see-sawed in a narrow range before settling up 7.3 points, or 0.1 percent, at the close of trade. The ... Read More »

Australian stocks record 7yrs high, S&P 200 ascends 0.7%

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SYDNEY: Australian stocks retreated from a seven-year high on Friday as a dour economic update from the central bank saw investors shrug off a bounce in oil prices to cash in their profits after a weeks-long rally. Overnight, the spot price of oil leapt 6 percent as rising violence in Libya, an important producer, helped the market recover from recent ... Read More »

Australian stocks start positive, All Ordinaries climbs 65pts,


SYDNEY: Australian stocks rose strongly in the wake of a massive eurozone stimulus package declared overnight. The All Ordinaries index had risen 65 points, or 1.2 per cent, to 5,455 shortly before midday (AEDT). The ASX 200 had added 69 points (1.3 per cent) to 5,489. The rise was along similar lines to those posted on US and European markets ... Read More »

China stocks end 5yrs higher, CSI 300 increases 3.1%, Shanghai Composite gains 3.6pc


BEIJING: China stocks increased to their highest close in five years on Monday, went upward by assets and energy stocks. The CSI300 index of the largest listed companies in Shanghai and Shenzhen rose 3.1 percent, to 3,641.54, while the Shanghai Composite Index gained 3.6 percent, to 3,350.52 points. That’s the highest since August 2009 for the Shanghai Composite and December ... Read More »

Australian stocks end 1.04% lower, S&P 200 slips 57.2pts


SYDNEY: The Australian stocks ended 1.04 per cent lower, as contradictory signals from world markets among weakening service prices and a new bout of uncertainty in Greece. At the official 4.15pm (AEDT) market close, the benchmark S & P/ASX200 index was down 57.2 points, or 1.04 per cent, to close at 5,416.6 points, while the broader All Ordinaries index was ... Read More »

Australian stocks start 0.24% stronger, S&P 200 climbs 12.9pts


SYDNEY: The Australian stocks started 0. 24 percent higher on Tuesday although the value of oil dipped to a five-year low. At the official market open, the benchmark S & P/ASX200 index was up 12.9 points, or 0.24 percent, to open at 5,486.7 points, while the broader All Ordinaries index was up 11.3 points, or 0.21 percent, to 5,458.3 points. ... Read More »