Financials lead Australia shares higher; local jobs data eyed

Reuters

Financials lead Australia shares higher; local jobs data eyed

1:24 sáng giờ GMT, 13 Tháng 6 2024

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June 13 (Reuters) -Australian shares edged higher to snap from a two-day losing streak on Thursday, led by gains in heavyweight financials, while investors keenly awaited domestic jobs data for further clarity on the central bank's monetary policy stance.

The S&P/ASX 200 index .AXJO rose 0.6% to 7,763 points by 0030 GMT. The benchmark closed 0.5% lower on Wednesday.

Investors awaited the local unemployment data for May, due at 0130 GMT, for cues on the Reserve Bank of Australia's (RBA) monetary policy trajectory.

The central bank's two-day monetary policy meeting is scheduled for next week.

Globally, investors exercised caution after the U.S. Federal Reserve left interest rates unchanged and projected only one interest rate cut this year. MKTS/GLOB

Back in Sydney, interest rate-sensitive financial stocks .AXFJ led the charge to rise as much as 0.7%, with the "Big Four" banks gaining between 0.8% and 1.2%.

Gold stocks .AXGD added as much as 1.6% on the back of stronger bullion prices. GOL/

Gold miners Evolution Mining EVN.AX and Northern Star Resources NST.AX gained as much as 1.9% and 1.2%, respectively.

Energy stocks .AXEJ tracked gains in oil prices and advanced as much as 0.7%. O/R

Energy majors Woodside Energy WDS.AX and Santos STO.AX gained as much as 0.4% and 0.9%, respectively.

Bucking the trend, mining stocks .AXMM shed as much as 0.2% as iron ore prices struggled for direction. IRONORE/

In company news, Qantas Airways QAN.AX said it will acquire the remaining 49% stake in online travel business TripADeal for A$211 million ($140.6 million) as the airline seeks to capitalize on strong demand for holiday bookings. Shares of Qantas were last up 0.8%.

Australia's competition regulator highlighted potential competition concerns over Sigma Healthcare's SIG.AX proposed merger with Chemist Warehouse Group to form an A$8.8 billion entity. Shares of the company fell as much as 10.4% to A$1.08, theirlowest level since Feb. 27.

New Zealand's S&P/NZX 50 index .NZ50 rose 0.4% to 11,793.48 points. The benchmark is set to snap a five-day losing streak.

Reporting by Sherin Sunny in Bengaluru; Editing by Eileen Soreng

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