Aus shares end higher on banks, tech boost; US debt ceiling outcome in focus

<html xmlns=""><head><title>Aus shares end higher on banks, tech boost; US debt ceiling outcome in focus</title></head><body>

ASX200 up 0.3% for the week

Financials up 1.5%, tech gains 2.2%, gold down 1.2%

NZ50 up 1%

Updates to close

By Ayushman Ojha

May 19 (Reuters) -Banking and technology sectors tracked overnight gains on Wall Street to drive Australian shares higher on Friday, backed by mounting optimism that a deal to raise the U.S. debt ceiling could be reached within days.

The S&P/ASX 200 index .AXJO gained 0.6% to close at 7,279.50, its highest since May 2.The benchmark rose 0.3%this week.

U.S. stocks closed higher for a second straight day on Thursday after President Joe Biden and Republican Kevin McCarthy reiterated their aim to strike a deal soon to raise the $31.4 trillion federal debt ceiling and agreed to talk as soon as Sunday. .N

"We are waiting very much on the debt ceiling outcome right now, and if we get a quick resolve, we will see a decline in the U.S. dollar, which will lift commodity prices, particularly gold," said Brad Smoling, managing director at Smoling Stockbroking.

Back in Sydney, the heavyweight financials sub-index .AXFJ advanced 1.5%with the 'big four' banks up between 1.3% and 1.8%.

Technology stocks .AXIJ advanced 2.2%, tracking gains from the tech-heavy Nasdaq Composite Index .IXIC. BrainChip Holdings BRN.AX and Xero Ltd <XRO.AX> gained 9.3% and 5.4%respectively.

Among individual stocks, Qantas Airways QAN.AX said it expects its international capacity to reach pre-COVID levels by March 2024. Shares were up 1.1%.

The insurance broker and agency AUB Group AUB.AX jumped 5.9%, its highest in two years, after lifting its profit outlook for fiscal 2023.

Wealth manager AMP Ltd AMP.AX was fined $16 million for billing dead clients for insurance and financial advice.

Gold stocks .AXGD ended 1.2% loweras bullion prices were on course for their biggest weekly drop in 3-1/2 months. The country's largest gold miner, Newcrest Mining NCM.AX, fell 1.9%.

The Reserve Bank of New Zealand is expected to hike interest rates by a final quarter point on Wednesday, a Reuters Poll showed.

The benchmark S&P/NZX 50 index .NZ50 rose 1%, to close at 12,099.74.

Reporting by Ayushman Ojha in Bengaluru; Editing by Janane Venkatraman

For more information on DIARIES & DATA: U.S. earnings diary RESF/US Wall Street Week Ahead .N/O Global Economy Week Ahead DATA/ ................................................................ For latest top breaking news across all markets NEWS1

免責聲明: XM Group提供線上交易平台的登入和執行服務,允許個人查看和/或使用網站所提供的內容,但不進行任何更改或擴展其服務和訪問權限,並受以下條款與條例約束:(i)條款與條例;(ii)風險提示;(iii)完全免責聲明。網站內部所提供的所有資訊,僅限於一般資訊用途。請注意,我們所有的線上交易平台內容並不構成,也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。


本網站的所有XM和第三方所提供的内容,包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接,皆爲‘按原狀’,並作爲一般市場評論所提供,而非投資建議。請理解和接受,所有被歸類為投資研究範圍的相關内容,並非爲了促進投資研究獨立性,而根據法律要求所編寫,而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊,相關詳情請點擊 這裡查看。

我們運用 cookies 提供您最佳之網頁使用經驗。更改您的cookie 設定跟詳情。