Australia: Shares gain as RBA hints at easing cash rate

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[BENGALURU] Australian shares rose on Thursday after the central bank signalled it was considering an interest rate cut, while New Zealand stocks looked set to snap their 11-session winning streak. Read more at The Business Times.

The central banker's remarks sent the Australian dollar sliding to a one-week low of US$0.7129 against the greenback.

Rio Tinto, the world's largest iron ore miner, firmed 2 per cent a day before its quarterly production results, while rival BHP Group L added 3.6 per cent.Westpac Banking Corp and National Australia Bank , two of the"Big Four" lenders, gained 0.2 per cent and 0.3 per cent, respectively.

Source: News Formal (newsformal.com)

 

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