Money Australia shares seen edging up as oil prices firm; NZ up

17:58  12 january  2018
17:58  12 january  2018 Source:   reuters.com

Aussie shares extend losses as banks weigh; New Zealand hits five-week closing low

  Aussie shares extend losses as banks weigh; New Zealand hits five-week closing low Australian shares extended losses to a second session on Thursday, led by declines in financials, after a report that China may dial down purchases of U.S. government debt rattled Wall Street. The S&P/ASX 200 index (.AXJO) fell 0.5 percent, or 29.1 points, to 6,067.60. The benchmark lost 0.6 percent in the previous session.The three major indexes on Wall Street snapped a six-session rally on Wednesday as investors grew jittery after Bloomberg reported that China, the world's biggest foreign holder of U.S. Treasuries, could slow or halt U.S. government bond purchases. [.N]Australia and New Zealand Banking Group (ANZ.

SYDNEY: Australian shares are expected to recover from two straight sessions of falls on Friday, latching on to solid leads from Wall Street inspired by higher oil prices .

Australian shares edged up on Thursday led by material stocks and banks although gains were Bank stocks also fared well with the “Big Four” banks adding up to 0.8 per cent, following their US peers, but Australia ‘s biggest wealth Real estate stocks, traditionally seen as bond proxies

FILE PHOTO -An investor and a pedestrian talking on their phones are seen in a window where a board displays stock prices at the Australian Securities Exchange (ASX) in Sydney © REUTERS/Steven Saphore FILE PHOTO -An investor and a pedestrian talking on their phones are seen in a window where a board displays stock prices at the Australian Securities Exchange (ASX) in Sydney Australian shares are expected to recover from two straight sessions of falls on Friday, latching on to solid leads from Wall Street inspired by higher oil prices.

Wall Street surged to record highs on Thursday on the back of rising oil prices and as investors bet on a strong U.S. corporate earnings season. Oil settled at three-year highs on signs that global inventories were tightening. [.N] [O/R]

The local share price index futures (YAPcm1) rose 0.3 percent or 17 points to 6,030, a 37.6-point discount to the underlying S&P/ASX 200 index (.AXJO) close. The benchmark fell 0.5 percent on Thursday.

New Zealand's benchmark S&P/NZX 50 index (.NZ50) inched 0.2 percent higher in early trade.

'Five elephants in the room': Virgin Australia dances ownership tango .
Going private and no longer being contained by takeover provisions would open the door far more to significant deal making between Virgin's remaining owners.Virgin has not updated the market since, declining to comment when contacted this week.

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