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Australia: Stocks follow US retreat

Wednesday, April 1, 2015 - 11:06

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[SYDNEY] Australian stocks fell, following US equities lower after the Standard & Poor's 500 Index trimmed its ninth straight quarterly gain.

The S&P/ASX 200 Index lost 0.1 per cent with the NZX 50 Index by 10:55 am in Sydney.

Global stocks have swung between monthly gains and losses in 2015 as central banks from Europe to Asia bolstered stimulus and eased policy, while US data sent conflicting signals over whether the economy is strong enough to withstand higher interest rates.

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