Log in
Show password
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

Australia shares flat as focus turns to cenbank policy meeting

09/06/2021 | 09:18pm EDT

Sept 7 (Reuters) - Australian shares were flat on Tuesday as investors stayed on the sidelines ahead of the Reserve Bank of Australia's (RBA) policy meeting, while sentiment was tepid as authorities struggled to contain the Delta variant despite lockdowns.

The S&P/ASX 200 index was flat at 7,514.9 points, as of 0053 GMT.

Miners were the biggest losers on the benchmark, losing 0.7% on weaker iron ore prices, while energy stocks gained the most, adding 0.8% even as oil prices were subdued.

On the policy decision front, analysts were undecided on whether the RBA will put off its tapering plans at its September policy meeting due later in the day.

Investors also took heart from hopes that the United States would stay its interest rates low for longer.

At home, job advertisements slipped in August as coronavirus lockdowns spread from Sydney to Melbourne and Canberra, though the drop was minor compared with the losses seen during the first stage of the pandemic last year.

Among individual stocks and sectors, mining giants Rio Tinto , BHP Group and Fortescue Metals declined between 1% and 2%, whereas energy firms Santos and Whitehaven Cioal were up 0.7% and 3.1%, respectively.

Banking stocks were nearly flat as they flitted between negative and positive territory, with the "Big Four" banks trading in the red.

Gold stocks were down 0.3% as bullion prices inched lower, with gold miners Northern Star Resources and Newscrest Mining losing 0.3% and 0.6%, respectively.

In New Zealand, the benchmark S&P/NZX 50 index traded 0.2% higher at 13,319.63 points.

Shipment managing firm Napier Port Holdings and payments company Pushpay Holdings were the top gainers, adding nearly 2% each.

In other markets, Japan's Nikkei was up 1%, while the S&P 500 E-minis futures were up 0.1%. (Reporting by Yamini C S in Bengaluru, Editing by Sherry Jacob-Phillips)

© Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BHP GROUP -0.23% 38.48 End-of-day quote.-9.31%
CHORUS LIMITED 0.47% 6.43 End-of-day quote.-18.71%
FORTESCUE METALS GROUP LIMITED -0.62% 14.41 End-of-day quote.-38.50%
KATHMANDU HOLDINGS LIMITED -0.63% 1.59 End-of-day quote.24.22%
LINK ADMINISTRATION HOLDINGS LIMITED 0.23% 4.36 End-of-day quote.-21.44%
NAPIER PORT HOLDINGS LIMITED -0.32% 3.09 End-of-day quote.-9.65%
NEWCREST MINING LIMITED 0.40% 24.92 End-of-day quote.-3.34%
NORTHERN STAR RESOURCES LIMITED -0.11% 9.43 End-of-day quote.-25.69%
ORORA LIMITED 2.87% 3.23 End-of-day quote.19.63%
PUSHPAY HOLDINGS LIMITED -0.55% 1.81 End-of-day quote.0.00%
SANTOS LIMITED -1.10% 7.2 End-of-day quote.14.83%
WHITEHAVEN COAL LIMITED -2.30% 2.98 End-of-day quote.81.16%
Latest news "Economy & Forex"
10/21TED ROGERS : Rogers board votes to remove chairman after family feud erupts into open
10/21Intel shares sink as sales third-quarter sales miss estimates
10/21Fed Chair Powell may need to sell millions in bonds under new rules
10/21EU leaders lock horns over response to energy price spike
10/21The WSJ Dollar Index Rises 0.17% to 88.17 -- Data Talk
10/21Euro Lost 0.21% to $1.1627 -- Data Talk
10/21Sterling Lost 0.22% to $1.3794 -- Data Talk
10/21Dollar Lost 0.28% to 114.00 Yen -- Data Talk
10/21Macquarie Asset Management to acquire Central Park Group
10/21Dogecoin Lost 4.47% to $0.244 at 5 p.m. ET -- Data Talk
Latest news "Economy & Forex"