Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.

Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

Submit Post
සිංහල පරිවර්තනය

Display results as :


Rechercher Advanced Search

Latest topics

» Daily News Bulletin | දිනපතා ප්‍රවෘත්ති
by Sstar Today at 3:34 pm

» CDB, Collect or Sell?
by ranferdi Today at 1:43 pm

by Gallardo Today at 1:31 pm

by Eugine Fernando Today at 12:42 pm

» AEL Declines to 20.9
by nirowat Today at 11:58 am

» ? Your Point Of View Before Telling My Experience ..
by Chanuque Today at 11:32 am

» LLUB for short term?
by MRF Yesterday at 10:09 pm

by nirowat Yesterday at 10:08 pm

by thankrishan Yesterday at 4:57 pm

» CFVF will cross 34/= level today ...
by thankrishan Yesterday at 4:56 pm

» CDB - Jounery Begun..
by mtsfernando Yesterday at 4:21 pm

» MACD A Powerful Tool to Predict Market Trends
by wiser Yesterday at 2:48 pm

» Market Sell Off
by DS Wijesinghe Yesterday at 1:18 pm

» Marriott International to open its first Sri Lankan hotel in 2014
by mahasona Yesterday at 12:09 am

» No confidence motion and CSE
by samaritan Tue Mar 20, 2018 11:19 am

by Ran49 Tue Mar 20, 2018 7:39 am

» Wiser's TA Chart Room
by EquityChamp Mon Mar 19, 2018 3:23 pm

» HVA March reports
by Yazaar92 Fri Mar 16, 2018 3:32 pm

» Earn 1.5% daily interest.. guaranteed..
by Uaecoindubai Fri Mar 16, 2018 5:19 am

» At least 30 % return within 30 days
by Theekshana Thu Mar 15, 2018 9:28 pm

Forum Disclaimer

The information contained in this forum have been submitted by third parties directly without any verification by us. The information available in this forum is not researched or purported to be complete description of the subject matter referred to herein. We do not under any circumstances whatsoever guarantee the accuracy and completeness information contained herein. its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.

Trading or investing in stocks & commodities is a high risk activity. Any action you choose to take in the markets is totally your own responsibility, its blogs, forums, subdomains and/or its affiliates and/or its web masters, administrators or moderators shall not be liable for any, direct or indirect, consequential or incidental damages or loss arising out of the use of this information. The information on this website is neither an offer to sell nor solicitation to buy any of the securities mentioned herein. The writers may or may not be trading in the securities mentioned.

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market News » Australian stocks set for BEST WEEKLY GAIN

Australian stocks set for BEST WEEKLY GAIN

Go down  Message [Page 1 of 1]

1 Australian stocks set for BEST WEEKLY GAIN on Sat Nov 21, 2015 6:18 pm


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Shares in Australia are headed for their best week in over a month on Friday, as investors elsewhere in the region gradually adjust to the prospect of higher U.S. interest rates.
Australia’s S&P/ASX 200  is on track to gain 4.1% this week, its best weekly percentage jump since the week ended Oct. 9. The resources sector led the index higher as heavy losses in oil prices eased this week. The benchmark, up 0.3% Friday, is also headed for its best close since Nov. 4.
South Korea’s Kospi was flat on Friday, gained 1% week-to-date. The Shanghai Composite Index  rose 0.5% on Friday, is also up 1.5% week-to-date.
Hong Kong’s Hang Seng Index   slipped 0.2% while Japan’s Nikkei Stock Average  was up 0.1% Friday.
A weaker yen buoyed Japan shares earlier this week, with the local currency touching its weakest level since late August. But the currency  strengthened overnight, last up 0.1% at ¥122.82 per U.S. dollar, after the Bank of Japan’s decision to keep its monetary policy unchanged Thursday.
The Nikkei is up 0.7% this week.
“The main reason [for the region’s gains this week] is a more relaxed approach about the Fed” by investors, said Shane Oliver, investment strategist with AMP Capital. “Worries about the Fed causing an emerging market crisis are dissipating.”
Viewing the Fed’s move as a positive for the equity market marks a shift from weeks past, when the Federal Reserve’s plans sparked worries about higher borrowing costs and slower growth, pushing shares lower.
Now, many investors—and even global central bankers—are eager for the Fed to act, if only to settle pending uncertainty.
Several also said they believe any increase in rates would be incremental, and that a December move would signal the Fed’s vote of confidence in the global economy.
“We have done everything we can to avoid surprising the markets and governments when we move, to the extent that several emerging market and other central bankers have for some time been telling the Fed to ‘just do it,’” said Fed Vice Chairman Stanley Fischer said in San Francisco Thursday.
In Australia, shares rebounded from heavy selling the previous week when commodities prices tumbled. Most sectors gained this week, although energy, telecommunications and utilities stocks rallied most, by 6.7%, 5.3% and 4.1%, respectively.
Shares of BHP Billiton Ltd.   Australia’s largest mining company, are up 1.4% this week after shedding 11% the previous week. Its shares had fallen to close to a decade low last Friday amid worries about the fallout from a recent dam-burst at its jointly owned Brazilian iron-ore mine operation that killed nine people.
Shares of BHP were up 0.4% on Friday.
“Investors are realizing that the associated selloff in other resources stocks probably went too far” given that BHP had unique reasons for its sell off, Mr. Oliver said.
U.S. stocks ended slightly off Thursday, dragged by health care and energy shares.
Brent oil prices  are up 1.5% this week, and up 0.3% Friday at $44.35 a barrel, after falling roughly 8% the previous week.
U.S. oil futures  slipped overnight to $40.54 a barrel, their lowest level since Aug. 26.
Gold  prices are up 0.3% at $1,080.90 a troy ounce.
link :

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum