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>> AUSTRALIA Latest News

JUL 04, 2013 - MarketWatch

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Australia stocks reach for weekly advance

LOS ANGELES (MarketWatch) -- Australian stocks climbed Friday in early trade, tracking strong gains in Europe as key central banks signaled no plans to reduce monetary stimulus. The S&P/ASX 200 rose 1.2% to 4,851.30 as miners were pushed higher. Rio Tinto Ltd. gained 2% and BHP Billiton Ltd. rose 1.8%. Shares of Fortescue Metals Group Ltd. tacked on 3.6%, bringing their weekly rise to more than 12%. Bank issues also strengthened, with Australia & New Zealand Banking Group up by 1%. Meanwhile, shares of Crown Ltd. sprang up 4.4% after lawmakers allowed the company to move forward ... Read More

Tags: Australia stocks reach for weekly advance,  Australia Latest News