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Stock impact report

Australian shares rise on China PMI surprise, mining gains; NZ up [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 rise on China PMI surprise, mining gains; NZ up | Reuters 3 Min Read * Aussie benchmark closes at highest since March 7 * Rio Tinto cuts 2019 outlook for iron ore shipments * Mining stocks rise for fifth straight session (Updates to close) April 1 (Reuters) - Australian shares closed at a more than three-week high on Monday, after brisk Chinese factory surveys boosted broader investor sentiment, with miners notching strong gains on firm iron ore prices. The S&P/ASX 200 index rose 0.59 percent, or 36.3 points, to 6,217.0 at the close of trade. The benchmark was little changed on Friday. Sentiment rose after official data on Sunday showed that factory activity in China, Australia’s largest trading partner, unexpectedly grew for the first time in four months in March, soothing fears of an economic downturn. On Monday, the private-sector Caixin survey showed a similar trend. Wall Street’s positive performance on Friday also lent support, after Beijing said it would conti Show less Read more
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