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-0.0242660783980994 -0.0378415068725606 -0.0393687425759376 -0.0376718140166299 -0.0386899711522145 -0.0395384354318683 -0.0393687425759376 -0.0352961140335992
Stock impact report

Australian shares end at over 11-yr peak on rate-cut hopes, NZ at record high [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
Australian shares end at over 11-yr peak on rate-cut hopes, NZ at record high - Reuters 3 Min Read * ‘Big four’ bank stocks push up the index * Local rate-cut hopes soar after weak retail sales data * NZ inches up to third straight record close (Updates to close) July 4 (Reuters) - Australian shares ended at their highest level in over 11 years on Thursday as expectations of local and U.S. interest rate cuts drew investors to riskier assets. The S&P/ASX 200 index rose 0.5% or 32.50 points to 6,718.0 by the close of trade, its fourth straight session of gains and the strongest close since November 2007. The benchmark rose 0.5% on Wednesday. Disappointing economic readings in the United States reinforced views the Federal Reserve will start to cut rates as early as this month, while local stocks were cheered by increased bets for a third Australian rate cut in 2019 after May retail sales data disappointed. Policy easing makes government debt less attractive, and drives money into higher Show less Read more
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