Stocks edge up, energy eyed
The local sharemarket turned up at noon, as energy stocks pared early losses.
The local sharemarket turned up at noon, as energy stocks pared early losses.
The state investment firm’s first fall since the GFC has come amid lower values for financial and resources share holdings.
Property stocks have spiked in London amid a broad European market uplift.
The French dairy giant has splashed out to buy US organic foods producer WhiteWave Foods.
The local unit has been hit by concerns around S&P’s lowered outlook on Australian debt.
The local market has shrugged off a downgrade to Australia’s credit outlook, to end firmly in the black.
Sterling has narrowed its losses but remains below$US1.30, as market ructions from the Brexit vote spread.
Regional bourses have taken a battering as fresh Brexit worries hit confidence.
ASX-listed gold miners have jumped as the yellow metal hit a fresh two-year high in Asian trade.
French and German sharemarkets have opened 0.9pc lower, while London’s FTSE edged back.
Original URL: https://www.theaustralian.com.au/author/amber-plum/page/63