Australian S&P/ASX 200 index rallies on Tuesday

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Source: Dukascopy Bank SA
Australia's S&P/ASX 200 index rallied on Tuesday as China prepared to add more stimulus to the slowing economy. Australian benchmark jumped 1.14% or 46.40 points and closed at 4,114.40 fuelled by miners and energy shares. Fortescue Metals Group rocketed 7.5% and Rio Tinto surged 2.2%. Oil providers Woodside Petroleum and Linc Energy soared 2.7% and 14.9% respectively. The index gained extra support from higher than expected newly built home sales in April. Sales jumped 6.9% from March. 

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Tue, 29 May 2012 10:08:02 GMT

Gold continues to advance as palladium soars

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Tue, 29 May 2012 08:57:01 GMT

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