Australian shares end higher as energy stocks jump; cenbank assesses US election results
Gold stocks drop 6.2%, real estate index falls 2.1%
Energy stocks jump 2.3%, financials gain 0.8%
New Zealand equities shed 0.6%
Updates to close
By Ayushman Ojha
Nov 7 (Reuters) -Australian shares ended slightly higher after a volatile session on Thursday, as gains in energy stocks and financials outweighed a slump in gold shares, while the country's central bank assessed the implications of Donald Trump's win in the U.S. presidential election.
The S&P/ASX 200 index .AXJO rose 0.3% to 8,226.3 at close, after falling as much as 0.6% earlier in the day. The benchmark had gained 0.8% on Wednesday.
Republican Trump won the 2024 U.S. presidential election in a stunning comeback,sending equities soaring across the globe. .N
The Reserve Bank of Australia (RBA) Governor Michele Bullock said it was hard to judge the inflation implications of the U.S. election for Australia at this stage and that the central bank has not yet changed its outlook for inflation.
The RBA held key rates steady earlier this week, cautioning that the policy will have to stay restrictive for some time, while a 25-basis-point U.S. rate cut is expected later in the day.
"The RBA hasn't been particularly keen to follow the lead of the other central banks because they've got a problem still with inflation and the labour market has been particularly tight," Tony Sycamore, market analyst at IG Australia, said.
In Sydney, gold stocks .AXGD slid 6.2% to their lowest since June 2022, as bullion prices hit a three-week low on a firmer U.S. dollar.
However, losses on the broader benchmark were capped by energy shares .AXEJ jumping 2.3% as oil prices gained after a sell-off triggered by the U.S. election.
Financials .AXFJ were 0.8% higher, with two of the "Big Four" banks gaining more than 1%.
The National Australia Bank NAB.AX pared lossesto end 0.2% higher after reporting an 8.1% drop in annual cash profit.
Westpac WBC.AX dropped 2.3% on trading ex-dividend.
The real estate index .AXRE declined 2.1%.
Trump's policies are expected to be inflationary, which could mean rates in Australia staying elevated.
New Zealand's benchmark S&P/NZX 50 index .NZ50 was 0.6% lower at 12,581.38.
Reporting by Ayushman Ojha; Editing by Sumana Nandy
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
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
