Australian stocks end up nearly 10-1 / 2 years high on materials; NZ Dips, Stocks

Mon, 09 Jul 2018 – 14:54

[BENGALURU] Australian equities closed at a high of 10½ years on Monday as commodities stocks benefit from higher copper prices and firmer prices. Wall Street. [19659003] The S & P / ASX 200 index rose 0.2 percent, or 13.70 points, to 6,286.00 at the close of trading. On Friday, US stocks climbed, with the S & P 500 and Nasdaq reaching their highest level in two weeks, as strong growth in US jobs dampened the impact of a trade dispute between the United States and the United States. and China.

A London copper rebound on Monday helped to generate strong gains in Australian material stocks.

BHP ore jumped 2.1% to more than a week and dominated the stock market, while rival Rio Tinto Ltd. climbed 1.4 percent

Financial stocks also advanced , with the main lender Commonwealth Bank of Australia, up 0.6 percent at its highest since March 14, while National Australia Bank Ltd. rose 0.2 percent. New Zealand's benchmark S & P / NZX 50 fell 0.3 percent or 22.39 points to end the session at 9,061.65.

The Health and Consumer Discretionary sectors declined, Fisher & Paykel Healthcare Netwo rk Television Ltd lost 5.1%

but Spark New Zealand Ltd recovered 0.7%. The telecommunications and digital services provider announced Monday that it has been informed by the New Zealand competition authority of its intention to initiate legal proceedings regarding three distinct historical operational and billing issues.

REUTERS