Money Australia shares buoyed by U.S. jobs data; New Zealand closes at record high

13:29  13 march  2018
13:29  13 march  2018 Source:   Reuters

Australia shares set to slip as Wall St, commodity prices fall; New Zealand inches down

  Australia shares set to slip as Wall St, commodity prices fall; New Zealand inches down Australian shares are expected to open lower on Wednesday, mirroring weakness on Wall Street following the firing of the U.S. Secretary of State, while waning commodity prices are likely to pressure materials stocks. Financial stocks may also experience some duress as a judicial inquiry into Australia's scandal-ridden banking sector begins. [.N] [O/R] [IRONORE/]The local share price index futures (YAPcm1) fell 0.6 percent or 34 points to 5,934, a 40.7-point discount to the underlying S&P/ASX 200 index (.AXJO) close. The benchmark fell 0.4 percent on Tuesday.New Zealand's benchmark S&P/NZX 50 index (.

* Australian shares close higher for 3rd straight session. * New Zealand benchmark finishes at record high . (Updates to close ). Analysis. Low Australian Inflation Isn't Going Anywhere Soon, Westpac Says By Bloomberg - Mar 12, 2018. Australia shares buoyed by U . S . jobs data ; NZ

SEE ALSO: Australia shares buoyed by US jobs data ; NZ closes at record high . New Zealand ' s benchmark S &P/NZX 50 index closed up 0.1 per cent or 9.15 points to finish the session at 8,473.14.

The Australian Securities Exchange ASX logo is seen in Sydney© REUTERS/Daniel Munoz The Australian Securities Exchange ASX logo is seen in Sydney Australian shares rose on Monday as a firm U.S. jobs data report boosted global investor sentiment while material stocks finished strong on news that Australia could be exempted from new U.S. trade tariffs on steel and aluminium imports.

The S&P/ASX 200 index (.AXJO) rose 0.6 percent, or 32.90 points, to 5,996.10 at the close of trade, its highest since Feb. 28. The benchmark rose 0.3 percent on Friday.

The U.S. economy added the biggest number of jobs in over 1-1/2 years in February, data showed, but a slowdown in wage growth pointed to only a gradual increase in inflation this year, which potentially reduces chances of a faster pace of rate hikes by the Federal Reserve. [.N]

Nisbet storms home to steal NZ Open

  Nisbet storms home to steal NZ Open Australian golfer Daniel Nisbet has fired a nine-under 62 final round to snatch a two-stroke win at the New Zealand Open in Queenstown. Australian Daniel Nisbet has won the New Zealand Open with a storming finish, firing a final round nine-under 62 to snatch a two-stroke win from overnight leader Terry Pilkadaris in Queenstown.Nisbet hauled back compatriot Pilkadaris, who had held a five-shot lead after three rounds, with a superb back nine which included an eagle at the par-five 10th.He finished with a course record 27-under 260 across four rounds.

[SYDNEY] Australian shares edged higher on Thursday, buoyed by positive job data , while New Zealand ' s market extended recent gains, hovering close to record highs . The S &P/ASX 200 index rose 0.3 per cent, or 18.17 points, to 5406.7 by 0312 GMT.

Australia shares buoyed by U . S . jobs data ; NZ closes at record high By Reuters - Mar 12, 2018. Australia shares set for higher open; NZ up By Reuters - Mar 12, 2018. FOREX-Dollar slips vs yen on concerns over suspected Japan cronyism

Sentiment was bolstered when U.S. President Donald Trump said that he was working on a deal so Australia would be exempt from the tariffs that had roiled markets worldwide.

Metals and mining stocks led the gains, with their subindex (.AXMM) finishing the day 1.4 percent higher, helped by a recovery in base metal prices. [MET/L]

Giant BHP Billiton (BHP.AX), the largest miner on the index by market capitalisation, rose 2.1 percent while Rio Tinto (RIO.AX) climbed 2.3 percent to its highest close since March 8.

Gold miner Newcrest mining (NCM.AX) was the biggest drag on the index, ending the day 4.6 percent lower, its lowest in seven months.

Newcrest said on Monday its fiscal 2018 guidance would be adversely affected by the closure of its flagship mine following damage to a tailings dam wall.

New Zealand shares ended Monday's session at a record high, led by consumer stocks.

The benchmark S&P/NZX 50 index (.NZ50) rose 0.9 percent or 73.98 points to finish at 8,463.99.

A2 Milk (ATM.NZ) ended about 4.7 percent higher and served as the biggest boost on the benchmark, while Heartland Bank Ltd (HBL.NZ) ended down 2.7 percent.

Engineers who work on AI may actually be building a future in which Arts graduates will be indispensable .
Leading AI consultant says AI will make our working lives better. Companies need creative employees to enhance technological advances. AI will create unprecedented demand for creative thinkers.The war between engineering and arts hit yet another flash point last week when a lecturer at the University of Canterbury in New Zealand presented this slide to engineering students:Dear Canterbury Uni NZ Arts colleagues: apparently this is how your Engineering colleagues think it’s appropriate to talk about you and your students to their new students. pic.twitter.

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