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Stock impact report

Australian shares rise on Sino-U.S. 'phase one' trade deal; NZ falls [Reuters (UK)]

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 Sino-U.S. 'phase one' trade deal; NZ falls - Reuters 3 Min Read * Mining stocks set for 4% weekly gain * Lynas jumps 6.8% on plan to submit plant tender to U.S. army * NZ’s Z Energy plunged 17% on FY earnings downgrade By Niyati Shetty Dec 13 (Reuters) - Australian shares rose on Friday, with metals and mining stocks jumping to a four-month high, after sources said the United States and China reached a “phase one” trade deal in principle. The S&P/ASX 200 index gained 0.4%, or 29.70 points, to 6,738 by 0058 GMT. The benchmark fell 0.7% in the previous session, but was on track to end higher for the week. “Risk assets have predictably surged, and those investors who were holding on to trade deal premiums were hugely rewarded for their patience as Dec. 15 hedges unwound, and negative equity market bets are getting stopped into trades,” said Stephen Innes, chief Asia market strategist at AxiTrader. While the U.S. agreed to reduce some tariffs on Chinese goods and Show less Read more
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