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Money AUSTRALIAN STOCKS EDGE AHEAD: Here's what you need to know

21:40  09 february  2018
21:40  09 february  2018 Source:   businessinsider.com.au

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Australian stocks edged higher. Today’ s scoreboard 1. Another sign that the housing market is slowing. The average number of days it takes to sell a property across all of Australia ’ s capital cities.

Australian stocks closed higher for the fifth session in a row. The scoreboard: S &P ASX 200 Trader Graham Tuckwell became one of Australia ' s most generous philanthropists. 6. SLIDE DECK. JP Morgan' s giant guide to Australian and global markets.

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Australian stocks edged higher.

Today’s scoreboard:

  • ASX200: 5,890.70 +13.90 +0.24%
  • All Ordinaries: 5,995.20 +13.70 +0.23%
  • AUD/USD: 0.7821 -0.0002 -0.03%

The local market opened on a slide, following Wall Street where the S&P 500 fell 0.5% overnight, but fought back to regain positive territory for the second session in a row.

The ASX200, still well below the 6000 mark, has not regained the height it had before the global slide. The index lost 3.2% on Tuesday.

The NAB added 2.3% to $28.91 after a strong quarterly trading update.

Financial services giant AMP rose 3.3% to $5.20 after posting a full year profit of $848 million.

Australia shares end higher, led by financials and materials; New Zealand slips

  Australia shares end higher, led by financials and materials; New Zealand slips Australian shares rose on Thursday, underpinned by strong gains in mining stocks and financials, with sentiment boosted by news of robust expansion in Australian manufacturing last month. The S&P/ASX 200 index (.AXJO) climbed 0.9 percent or 52.4 points to 6,090.1, its highest close since Jan. 10. The benchmark added 0.3 percent on Wednesday.Australian manufacturing posted solid expansion last month with demand, both domestic and offshore, strong enough to allow firms to raise prices to protect profit margins, a survey showed on Thursday."Overall, commodities are positive, U.S.

Australian stocks closed higher. Today' s scoreboard 3.Have Australian financial stocks corrected? "The sector looks in terrible shape at the moment and the trend is firmly lower."

The local market edged ahead with the banks in the green and BHP 1.2% higher at .17. A flood of half year results swept the market. Australian businesses now must report any data breach with the potential to harm people. 7. Flight Centre upgrades its profit forecasts.

The big miners led the falls. BHP dropped 1.3% to $29.45 and Rio Tinto, which announced its biggest shareholder payout, was down 1% to $77.46.

Tabcorp fell 6.8% to $4.76 after posting a 58% fall in half year profit to $24 million on the back of the cost of merging with the Tatts Group.

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AUSTRALIAN STOCKS CLOSE THE WEEK AHEAD Here's what you need to know .
Australian stocks closed the session marginally lower but ended the week ahead. Today’s scoreboard. ASX200. 5,904.00 -5.00 -0.08% All Ordinaries. 6,004.80 -3.90 -0.06%

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