AS51

Source: Dukascopy Bank SA
© Dukascopy Bank SA
Australian equities advanced to their highest level in 19 months on January 1, as U.S. lawmakers made a budget deal to avert spending cuts and tax hikes. Gains in Australian shares were mostly led by top miners, as U.S. budget deal erased concerns on possible recession in the nation's economy. The S&P/ASX 200 index rose 1.23%, or 56.99 points, to 4,705.94. The benchmark index gained 14.6% in the year 2012. All sectors within the index edged higher. Basic materials, technology and telecommunications were the best performing sectors with their shares adding 2.45%, 2.17% and 1.59%, subsequently. Gindalbie Metals Ltd surged 12% to A$0.28, after its first shipment of magnetite concentrate from Karara to China, the first shipment of magnetite from Western Australia. Paladin Energy was the leading company, as its shares advanced 10.2%, pacing gains in the shares of basic materials group. Meanwhile, Buru Energy Ltd posted biggest losses in the index dropping 5.42%, capping further advancements in the oil and gas sector.

© Dukascopy Bank SA
Back to articles

Actual Topics

Wed, 02 Jan 2013 17:17:51 GMT

FTSE 100

U.K. blue chips rallied to the highest level in 17 months, exceeding the 6,000 reading for the first time since July 2011, as U.S. lawmakers passed a budget deal and prevented automatic tax increases and spending cuts. The U.S. Senate approved the budget proposals in early hours on January 1. The FTSE 100 index climbed 2.35% to 6,038.48 by 16:00

Wed, 02 Jan 2013 16:55:50 GMT

SENSEX

Indian shares jumped to their highest level in 20 months after the U.S. senate passed a budget bill trying to avert the so-called "fiscal cliff" coming into effect on January 1. Experts said the agreement would give more confidence to investors of emerging-market stocks. The Indian Sensitive index advanced 0.8% to 19,580.81. The gauge has rallied 26% in 2012, as

Subscribe to "Fundamental Analysis" feed

Subscribe
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.