Australian Economy

Australia stocks

Aussie Stocks S&P/ASX 200 Down, Japan Stocks Nikkei 225 Up

Australia stocks ended lower after the close on Thursday. Leading the shares lower were the losses in the Financials, Industrials and Energy sectors. The S&P/ASX 200 fell 0.70% at the close in Sydney. The outperformers of the session on the S&P/ASX 200 were Technology One Ltd (ASX:TNE). They rose 5.64% or 0.51 points to trade …

Aussie Stocks S&P/ASX 200 Down, Japan Stocks Nikkei 225 Up Read More »

Australia Stocks

Australia Stocks End Higher; S&P/ASX 200 up 1.28%

Australia stocks ended higher at the close of trade on Thursday. Gains in the Healthcare, A-REITs and Telecoms Services sectors helped increase shares. The S&P/ASX 200 gained 1.28% at the close in Sydney. The session’s best performer was Inghams Group Ltd. It rose 16.14% or 0.46 points to trade at 3.31 at the close. Meanwhile, …

Australia Stocks End Higher; S&P/ASX 200 up 1.28% Read More »

yuan and dollar

The Yuan, Australian and New Zealand Dollars Fell in Asia

On Monday, Asia’s trade-exposed currencies held firm as data confirmed China’s economic recovery from the Covid-19 crisis stimulated in the third quarter, with the yuan staying close to its recent 1-1/2-year high. Significantly, China’s gross domestic product increased by 4.9% in the July-September period from a year earlier. Unfortunately, that raise was slower than analyst’s …

The Yuan, Australian and New Zealand Dollars Fell in Asia Read More »

The dollar bounced back

The Dollar Bounced Back, while Australian Dollar Dipped

On October 13, Tuesday, the dollar bounced back from a three-week low as market players repurchased it, particularly against riskier peers. Additionally, the Australian dollar dropped nearly a half percent. Therefore, taking an additional hit from media reports China has reduced coal imports from the country as their relations deteriorate. But overall risk sentiment was …

The Dollar Bounced Back, while Australian Dollar Dipped Read More »

euro and dollar

Euro Dropped 0.1%, while the Australian Dollar Eased 0.3%

The dollar increased on early Monday trade as more unstable currencies fell after negotiation on a U.S. stimulus package ran into resistance. The yuan declined after PBoC (China’s central bank) took a measure seen as aimed at curbing its strength. Moreover, the euro dropped by 0.1% and settled at $1.1817, while the Australian dollar decreased …

Euro Dropped 0.1%, while the Australian Dollar Eased 0.3% Read More »

Australia will overhaul China as the world's first gold producer

Australia will overhaul China as the world’s first gold producer

During the coronavirus pandemic, the gold industry is producing huge gains. It is affecting many other industries around the globe. The precious metal prices have been on the rise for the past eighteen months, resuming to increase. Resources Monitor, an Australian mining expert, states that Australia will overtake China as the leading producer of the …

Australia will overhaul China as the world’s first gold producer Read More »