Australia: Shares rise as banks ride rate cut hopes, NZ firmer
Add BT as a preferred source
[SYDNEY] Australian shares ignored Wall Street's downbeat cue to rise on Friday as resources stocks rode a commodity rally higher and banks firmed on hopes of a rate cut.
New Zealand shares also gained.
The S&P/ASX 200 index rose 26.77 points to 5252.20 at the close of trade. The benchmark rose 0.51 per cent.
New Zealand's benchmark S&P/NZX 50 index gained 0.45 per cent or 30.60 points to finish the session at 6820.58.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
S-Reits ‘positioned for recovery’ as yield spreads widen: analysts
Think twice about rebuilding that old landed property into a super-big house to max out GFA
AI-linked layoffs in US spark new wave of one-person start-ups
SingPost unveils S$30 million sortation machines that treble its parcels processing capacity
