🤑 It doesn’t get more affordable. Grab this 60% OFF Black Friday offer before it disappears…CLAIM SALE

Australia shares close higher, up strongly on week

Published 18/09/2015, 04:19 pm
© Reuters.  Australia shares close higher, up strongly on week
AXJO
-
WBC
-

(Updates to close)

SYDNEY, Sept 18 (Reuters) - Australian shares ended higher on Friday, shaking off a negative lead from Wall Street after the head of the central bank made reassuring comments about the economy.

The S&P/ASX 200 index .AXJO closed 0.5 percent, or 23.7 points, higher at 5,170.5, taking this week's gains to 2 percent.

Contributing to the positive session, all of the big four banks closed in the black, led by a 1.3 percent rally in Westpac Banking Corp WBC.AX .

RBA Governor Glenn Stevens gave an upbeat assessment of the economy, helping offset a more cautious tone from the Federal Reserve, which delayed a long-expected hike in U.S. interest rates. ID:nL4N11O1WN ID:nL1N11N244

New Zealand's benchmark NZX 50 index .NZ50 closed 0.3 percent, or 17.8 points, higher at 5,712.1.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.