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Stock impact report

Australia shares end higher as miners surge; NZ sheds gains [Reuters]

BHP Group Limited American Depositary Shares (Each representing two Ordinary Shares) (BHP) 
US:NYSE Investor Relations: bhp.com/investor-centre
Company Research Source: Reuters
Australia shares end higher as miners surge; NZ sheds gains - Reuters 3 Min Read * Miners rise 5.5% for the week, top boost to Aussie index * RBNZ revokes ANZ unit’s permission to assess own risk capital * ANZ slips 3% to drag Aussie index * Financials post 4.1% weekly loss (Updates to close) May 17 (Reuters) - Australia’s benchmark share index pared gains to end at an over 2-week high on Friday as soaring iron ore and oil prices coupled with a weaker local dollar bolstered mining and energy stocks. Growing expectations that the central bank could cut interest rates as soon as next month also continued to buoy investors’ confidence. The S&P/ASX 200 index ended up 0.6% or 37.50 points to close at 6,365.30, after climbing as much as 1.1% to an over 11-year high earlier. The benchmark closed 0.7% higher on Thursday. “The action is being led by a very strong performance on base metals overnight. The odds of another interest rate cut after the election are also high, which makes high yield Show less Read more
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