Australian, NZ shares set to post weekly gains after Wall Street turnaround [Reuters (UK)]
NATL AUSTRALIA BK S/ADR (NABZY)
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Source: Reuters
Australian, NZ shares set to post weekly gains after Wall Street turnaround | Reuters 3 Min Read * Aussie shares set for biggest weekly gain in nearly 2-mnths * NZ shares poised for biggest weekly gain in 1-mnth * Financial stocks lead broader gains By Nikhil Nainan Dec 28 (Reuters) - Australian shares edged higher on Friday in light end-of-year trade after U.S. stocks reversed earlier steep losses although an absence of domestic drivers kept market moves limited. The S&P;/ASX 200 index gained 0.2 percent, or 9.4 points, to 5,606.1 by 2357 GMT, its highest in more than a week. The benchmark climbed 1.9 percent on Thursday. All three major U.S. indexes turned positive late in Thursday’s session, a day after they posted their biggest daily percentage increases in nearly a decade. The Australian benchmark is on track to snap two straight weeks of losses, as it climbs to its biggest weekly gain in nearly two months. Local volumes have remained thin during end of year trade and with market
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