You are here

Australia shares finish in positive territory; NZ falls

Tuesday, March 7, 2017 - 15:22

29923938 - 13_11_2013 - AUSTRALIA NZ DOLLARS.jpg

[BENGALURU] Australian shares ended marginally higher on Tuesday, after the central bank held interest rates unchanged, a widely expected decision given policymakers recently signalled a steady outlook for much of the year ahead.

The Reserve Bank of Australia left its cash rate at a record low of 1.5 per cent in its monthly policy meeting on Tuesday.

Globally, markets await this week's US jobs data to ascertain the likely pace of interest rate rises.

Investors widely expect the Federal Reserve to raise rates at its March 14-15 meeting.

The S&P/ASX 200 index finished 0.3 per cent, or 14.89 points, higher at 5,761.40.

New Zealand's benchmark S&P/NZX 50 index fell 0.2 per cent, or 11.11 points, at 7,167.63.

REUTERS

sentifi.com

Market voices on:

Nespresso
Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at btsub.sg/btdeal

Powered by GET.comGetCom