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Reuters - 1 day ago

Iron ore heads for second quarterly rise on China demand hopes

Iron ore heads for second quarterly rise on China demand hopes By Enrico Dela Cruz March 31 (Reuters) - Dalian and Singapore iron ore futures rose on Friday, and stayed on track for second straight quarterly gains on expectations of improved steel demand in China in the second quarter, with tight supply concerns adding support. The steelmaking ingredient has rebounded from October lows, as the lifting of the zero-COVID policy and supportive measures for the struggling property sector in China br
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Reuters - 2 days ago

Australian shares set to snap 7 weekly losses on boost from miners, gold stocks

Australian shares set to snap 7 weekly losses on boost from miners, gold stocks March 30 (Reuters) - Australian shares hit a three-week high on Friday and were on track to snap a seven-week losing streak, as mining stocks jumped on firmer commodity prices. The S&P/ASX 200 index .AXJO was up 0.6% at 7,167.5 points by 0020 GMT. The benchmark has risen over 3% so far this week, and is set to post its biggest weekly jump since November 2022. Mining shares .AXMM gained 2% to hit three-week high.
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Reuters - 2 days ago

NAB Introduces More Proactive Prompts To Digital Banking

BRIEF-NAB Introduces More Proactive Prompts To Digital Banking March 31 (Reuters) - National Australia Bank Ltd NAB.AX : INTRODUCES MORE PROACTIVE PROMPTS TO DIGITAL BANKING TO HELP CUSTOMERS IDENTIFY POTENTIAL SCAMS, AMONG OTHERS Further company coverage: NAB.AX
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Reuters - 2 days ago

RBNZ to downshift to 25 bps increase in April as tightening nears an end

POLL-RBNZ to downshift to 25 bps increase in April as tightening nears an end reuters://realtime/verb=Open/url=cpurl%3A%2F%2Fapps.cp.%2FApps%2Fcb-polls%3FRIC%3DNZINTR%253DECI poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=NZGDPAP GDP poll data reuters://realtime/verb=Open/url=cpurl://apps.cp./Apps/econ-polls?RIC=NZINFAP inflation poll data Reuters Poll graphic on New Zealand monetary policy and economy outlook: https://tmsnrt.rs/3nzB2Md By Devayani Sathyan BENGAL
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Reuters - 2 days ago

Australia shares end at near three-week high as miners, banks rally

Australia shares end at near three-week high as miners, banks rally Benchmark logs fourth straight day of gains Miners, banks top boosts Analysts at top banks split on RBA rate decision Updates to close By Poonam Behura March 30 (Reuters) - Australian shares rallied 1% to finish at a near three-week high on Thursday, as outlook from U.S. firms improved and banking crisis worries eased, while domestic inflation data boosted hopes of a pause from further rate hikes by the central bank.
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Reuters - 2 days ago

Australia, NZ dlrs ease but hold most gains on yen as banking fears ease

Australia, NZ dlrs ease but hold most gains on yen as banking fears ease By Stella Qiu SYDNEY, March 30 (Reuters) - The Australian and New Zealand dollars eased on Thursday but held on to most of their hefty gains on the yen as the Japanese safe-haven currency succumbed to rebounding risk appetite after fears about a global banking crisis eased. The Aussie was 0.2% lower at $0.6675 AUD=D3 , after dipping 0.4% overnight to as low as $0.6662, weighed lower by a downward surprise in the monthly inf
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Reuters - 2 days ago

Australia's CBA, Westpac expect rate-hike pause in April; other top banks vary

Australia's CBA, Westpac expect rate-hike pause in April; other top banks vary March 30 (Reuters) - Commonwealth Bank of Australia (CBA) CBA.AX expects the country's central bank to pull brakes next week on one of the most aggressive tightening cycles in decades as data signalled signs of the economy slowing and inflation peaking. Gareth Aird, head of Australian Economics at CBA, sees a 55% probability of the Reserve Bank of Australia (RBA) pausing on April 4 , after recent inflation and retail
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Reuters - 3 days ago

National Australia Bank lowers peak rate call for Australia to 3.85%, from 4.1%

UPDATE 1-National Australia Bank lowers peak rate call for Australia to 3.85%, from 4.1% Adds detail, pars 2-4 By Stella Qiu SYDNEY, March 30 (Reuters) - National Australia Bank said on Thursday it expects Australian interest rates to peak at 3.85%, down from a previous estimate of 4.1%. N AB added it still expects the Reserve Bank of Australia to raise its official cash rate by 25 basis points in April for a final time, beginning rate cuts in the first half of 2024. "We continue to see rate cut
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Reuters - 3 days ago

National Australia Bank lowers peak rate call for Australia to 3.85%, from 4.1%

National Australia Bank lowers peak rate call for Australia to 3.85%, from 4.1% SYDNEY, March 30 (Reuters) - National Australia Bank said on Thursday it expects Australian interest rates to peak at 3.85%, down from a previous estimate of 4.1%. Reporting by Stella Qiu in Sydney Editing by Alasdair Pal
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Reuters - 3 days ago

Dollar soothed by uneasy market calm

FOREX-Dollar soothed by uneasy market calm By Alun John LONDON, March 29 (Reuters) - The dollar steadied against most major peers on Wednesday, pausing its recent declines, and gaining sharply against the yen which was volatile as the end of the Japanese fiscal year approaches. The dollar index =USD , which tracks the currency against six peers, was flat at 102.42, giving up small gains of up to 0.3% in the European morning.
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Reuters - 3 days ago

Dollar steadies in uneasy market calm

FOREX-Dollar steadies in uneasy market calm By Kevin Buckland and Alun John TOKYO/LONDON, March 29 (Reuters) - The dollar edged up against most major peers on Wednesday, steadying after recent declines, and gaining sharply against the yen which was volatile as the end of the Japanese fiscal year approaches. The dollar index =USD , which tracks the currency against six peers, gained 0.15% to 102.64. It has fallen for the past two sessions, and is set for a 2.1% monthly fall, a victim of the marke
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Reuters - 3 days ago

Asian stocks rally as bank jitters calm, Alibaba lifts mood

GLOBAL MARKETS-Asian stocks rally as bank jitters calm, Alibaba lifts mood MSCI ex-Japan up 0.7%, set for 2nd straight day of gains Alibaba soars 13%, lifts other Chinese tech stocks European futures up MORNING BID EUROPE- Alibaba fires up market mood By Ankur Banerjee SINGAPORE, March 29 (Reuters) - Asian shares surged on Wednesday as easing concerns over the banking sector revived risk appetite, while Alibaba's 9988.HK plans to split into six units lifted Chinese tech stocks.
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Reuters - 3 days ago

Australia shares gain as inflation eases; all eyes on RBA policy meet

Australia shares gain as inflation eases; all eyes on RBA policy meet Feb inflation slows to eight-month low Miners lift benchmark most Banks fall on UBS downgrade NZ's Sky Network to cut around 170 jobs Updates to close By Poonam Behura March 29 (Reuters) - Australian shares recovered lost ground from earlier in the session to finish higher on Wednesday, as a slowdown in February inflation growth strengthened the case for the central bank to pause its rate hike cycle next week.
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Reuters - 3 days ago

Safe-haven dollar sluggish as banking fears ebb; yen drops

FOREX-Safe-haven dollar sluggish as banking fears ebb; yen drops By Kevin Buckland TOKYO, March 29 (Reuters) - The safe-haven U.S. dollar struggled to find its footing on Wednesday following two days of losses as global financial markets regained a measure of stability on hopes a full-blown banking crisis can be averted. The dollar index =USD , which tracks the currency against six major peers, edged 0.08% higher to 102.57 in Asian trading, following drops of about 0.3% in each of the past two s
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Reuters - 3 days ago

U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says

U.S. banks fallout will intensify margin headwinds for Aussie lenders, UBS says March 29 (Reuters) - Australian banks are well-positioned to deal with the pressures emanating from the recent bank runs in the United States, but their margins could be squeezed by the fierce competition for deposits, increased cost of funding and higher bad debts, brokerage UBS said.
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Reuters - 4 days ago

Asian stocks rally as banking anxiety eases; Alibaba surges

GLOBAL MARKETS-Asian stocks rally as banking anxiety eases; Alibaba surges By Ankur Banerjee SINGAPORE, March 29 (Reuters) - Asian shares rose sharply on Wednesday while the dollar was on the defensive as easing concerns over the banking sector revived risk appetite, while Alibaba's 9988.HK stock soared on the internet behemoth's plans to split into six units.
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Reuters - 4 days ago

Australian shares fall as banking, technology stocks drag

Australian shares fall as banking, technology stocks drag March 29 (Reuters) - Australian shares dropped on Wednesday, dragged by weakness in banking and technology stocks, as investors assessed comments from a top U.S. regulator on the struggling banking system. The S&P/ASX 200 index .AXJO fell 0.2% to 7,022.4 points by 0005 GMT. The benchmark closed 1% higher on Tuesday.
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Reuters - 5 days ago

Australian bank worries turn from chaos overseas to profits at home

UPDATE 3-Australian bank worries turn from chaos overseas to profits at home Borrowers' market in Australian home mortgages About $300 bln in fixed-term loans to go variable this year Retail deposit rates rising as banks compete for savings Recasts story with major themes of mortgage, deposit competition By Lewis Jackson and Byron Kaye SYDNEY, March 28 (Reuters) - Australia's biggest lenders said on Tuesday the domestic financial sector was unlikely to be caught in turmoil engulfing rivals in th
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Reuters - 6 days ago

ANZ CEO: Banking turmoil has potential to trigger financial crisis

UPDATE 2-ANZ CEO: Banking turmoil has potential to trigger financial crisis Adds central bank's comment of last week in paragraph 11 By Renju Jose SYDNEY, March 27 (Reuters) - Australia and New Zealand Banking Group's ANZ.AX CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. Authorities around the world are on high alert for the fallout from the recent turmoi
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Reuters - 6 days ago

ANZ CEO: Banking turmoil has potential to trigger financial crisis

UPDATE 2-ANZ CEO: Banking turmoil has potential to trigger financial crisis Adds central bank's comment of last week in paragraph 11 By Renju Jose SYDNEY, March 27 (Reuters) - Australia and New Zealand Banking Group's ANZ.AX CEO said on Monday the latest turmoil in the global banking system had the potential to trigger a financial crisis though it was early to predict it could bring one similar to that in 2008. Authorities around the world are on high alert for the fallout from the recent turmoi
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