Australia shares inch higher mirroring gains in Wall Street; NZ up [Reuters (UK)]
QBE INSURANCE GP S/ADR (QBIEY)
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Source: Reuters
Australia shares inch higher mirroring gains in Wall Street; NZ up - Reuters 3 Min Read * Energy, healthcare stocks gain * QBE Insurance drops on flagging weather impact * Mining stocks weigh By Nikhil Subba Dec 18 (Reuters) - Australian shares rose marginally on Wednesday, tracking Wall Street after upbeat U.S. economic data, but gains on the benchmark were tempered by losses in the scandal-hit financial sector. The S&P/ASX 200 index rose 0.13% to 6,856.20 by 0119 GMT. The benchmark closed 0.04% lower on Tuesday. Major U.S. indexes extended their record-setting rally on Tuesday, after data showed U.S. homebuilding in November increased to the highest level since May 2007, while manufacturing output picked up more than expected. “U.S. data is showing signs of more stability in the global growth story, so there is a little bit more optimism around that...investor confidence seems higher at the moment due to more stability in the global growth outlook,” James Tao, market analyst at Comm
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