Australia & New Zealand News
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Oil Falls, Poised for Weekly Decline, on Weaker Global Economic Concern
Oil fell in New York, poised for its biggest weekly decline in four, on concern that faltering global economic growth will curtail a recovery in fuel demand.
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GrainCorp Agrees to Acquire AWB for $769 Million to Add Global Trading Arm
GrainCorp Ltd. agreed to buy AWB Ltd. for A$803 million ($723 million) to become Australia’s top wheat exporter, taking on Cargill Inc. and Viterra Inc. in supplying Asia, the biggest buyer of the grain.
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Australian, New Zealand Dollars Weaken on Concern China's Growth Will Slow
The Australian and New Zealand dollars fell against the yen before a report economists said will show manufacturing growth slowed for a third month in China, adding to signs global growth is losing momentum.
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Aquarius Platinum, ERA, Hastings, Macquarie: Australia, New Zealand Stocks
Australia’s S&P/ASX 200 Index dropped 0.7 percent to 4,493.50 at the 4:10 p.m. close of trading in Sydney, trimming its gain for the week to 0.8 percent. The gauge has climbed 4.5 percent in July, its first positive month since March.
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EQUITY INDEXES
| S&P/ASX 200 | 4493.50 | -30.60 | -0.68% |
| NZX 50 | 3034.62 | 1.61 | 0.05% |
| Nikkei | 9537.30 | -158.72 | -1.64% |
| TOPIX | 849.50 | -11.77 | -1.37% |
| Hang Seng | 21029.80 | -64.01 | -0.30% |
| Shanghai | 2637.50 | -10.61 | -0.40% |
CURRENCIES
| AUD-USD | 0.8994 | -0.0010 | -0.12% |
| NZD-USD | 0.7216 | -0.0022 | -0.31% |
| AUD-NZD | 1.2465 | 0.0026 | 0.21% |
COMMODITIES
| Oil (WTI) | 77.63 | -0.73 | -0.93% |
| Gold | 1170.90 | -0.30 | -0.03% |
BONDS
| Australia 10-year | 94.72 | 5.19 |
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