The Business Times

Australia shares finish in positive territory; NZ falls

Published Tue, Mar 7, 2017 · 07:22 AM
Share this article.

[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.


BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to

Capital Markets & Currencies


Get the latest coverage and full access to all BT premium content.


Browse corporate subscription here