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