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Stock impact report

Australia shares advance as miners, Wall Street surge [Reuters]

BHP Billiton (BHP)  More Company Research Source: Reuters
US:NYSE Investor Relations: bhp.com/investor-centre
PDF Australia shares advance as miners, Wall Street surge * Miners hit over 9-year peak as iron ore prices improve * Victoria reports record COVID-19 deaths * NZ down as healthcare stocks dip By Arpit Nayak Aug 6 (Reuters) - Australian shares rose on Thursday after Wall Street notched overnight gains on strong corporate earnings and hopes for further U.S. stimulus, while domestic miners stormed to their highest in more than 9 years as commodity prices strengthened. Concerns that the global economy is stalling amid a surge in coronavirus cases has increased calls for more fiscal aid, a move stock investors have welcomed. The S&P/ASX 200 index was up 0.7% to 6,041.5 by 0102 GMT. Australian shares tracked the strength in Wall Street as Walt Disney Co’s surprise quarterly profit beat boosted broader sentiment and also helped the Dow Jones Industrial Average finish 1.4% higher, while the S&P 500 and the Nasdaq Composite also ended in the black. In Australia, the COVID-19 crisis deepened as sec [Read more]
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