You are here: Home » News-CM » International » Market Report
Business Standard

Stocks Edge Higher In Australia On Firm Global Cues

Capital Market 

Stocks surged in Australia as the global markets rallied on strong overnight cues and bargain buying after recent volatility. US stocks jumped with DOW adding 1.4% after the US said that it would delay 10% tariffs on some Chinese products. Supportive economic cues also boosted the sentiments for Australian markets and the ASX jumped 0.4% while the All Ordinaries rose by a similar margin as well.

Australia's consumer confidence strengthened in August, survey data from Westpac showed today. The Westpac-Melbourne Institute Index of Consumer Sentiment rose to 100 in August from 96.5 in July. All components of the indicator expect unemployment expectations improved in August. This followed a fall of 4.7% in the indicator in June and July.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, August 14 2019. 13:35 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU