Edition:
United Kingdom

Australia Market Report Headlines

Australia shares jump as banks cheer easing of lending laws

Australian shares climbed more than 1% on Friday, with the "Big Four" banks among top boost to the benchmark index, after the government said it would simplify bank lending rules to free up credit in a bid to stimulate the coronavirus-hit economy.

Australia shares set to open higher lifted by miners

Australian shares are likely to open marginally higher on Friday, with mining stocks seen boosting the benchmark as iron ore prices rose, while a fall in infections in Victoria improved hopes that restrictions will be eased sooner than expected. The local share price index futures inched 0.1% higher, a 13.9-point discount to the underlying S&P/ASX 200 index close. The benchmark fell 0.8% on Thursday. New Zealand's benchmark S&P/NZX 50 index

Business Video

Top News