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Australia & New Zealand

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  • *Euro zone economy stronger than expected- EU Commission. LONDON, May 5- Zinc hit its highest price in eight months on Tuesday and copper its loftiest since mid-December thanks to a combination of concern about supply shortfalls and optimism over the global economy. Base metals seem to be following the herd, "said Richard Fu, director of Asian commodities trading...

  • All the metals on the London Metal Exchange saw a wave of buying, which pushed nickel to a six-week high, as the London market reopened after a UK public holiday on Monday. Base metals seem to be following the herd, "said Richard Fu, director of Asian Commodities Trading for Societe Generale Newedge in London. "The fundamentals in zinc are good," said Nic Brown, head of...

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar stumbled after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. Financial spreadbetters expected European markets to open mixed, with Britain's FTSE 100 likely to open 0.7 percent...

  • SINGAPORE, May 5- The Australian dollar rebounded sharply after slipping initially as the Reserve Bank of Australia cut interest rates, as market players wondered whether the RBA's easing cycle may be over for now. Australia's central bank cut its cash rate a quarter point to an all-time low of 2.0 percent on Tuesday, aiming to spur a sluggish domestic economy...

  • SYDNEY, May 5- Australia's central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar. The currency did initially drop after the Reserve Bank of Australia trimmed its cash rate a quarter point to a fresh all time trough of 2.0...

  • HONG KONG, May 5- Asian stock markets retreated on Tuesday and the Australian dollar briefly fell after the central bank cut interest rates for the second time in four months as the region's growth falters in the face of slowing demand from China. "Cautious and uncertain households mean rate cuts are less effective today," said Jasmin Argyrou, senior investment...

  • SYDNEY, May 5- Australia's central bank cut interest rates for the second time this year on Tuesday, seeking to buttress the economy against sliding mining investment while heading off a harmful increase in the local dollar. The currency did initially drop after the Reserve Bank of Australia trimmed its cash rate a quarter point to a fresh all time trough of 2.0...

  • Australia cuts interest rate to record low 2 percent Tuesday, 5 May 2015 | 12:33 AM ET

    SYDNEY— Australia's central bank cut its benchmark interest rate to a record low of 2 percent on Tuesday in a bid to jolt the nation's economy which is weighed by falling commodity prices and weakening demand from China. The Reserve Bank of Australia's quarter percentage point rate cut was the first in three months. But with the economy weakening in China, which...

  • *Saudis consider halt to Yemen bombing to let humanitarian aid in. SINGAPORE, May 5- Brent crude oil futures slipped towards $66 a barrel on Tuesday, falling from a 2015 high, as Saudi Arabia considered halting bombing in Yemen to allow the delivery of aid, which eased concerns about oil supply from the Middle East. "The stronger U.S. dollar and also news out of Saudi...

  • *Stocks hold on to early gains, MSCI Asia ex- Japan up 0.1%. HONG KONG, May 5- Asian markets edged lower on Tuesday and the Australian dollar steadied as investors stayed on the sidelines ahead of a Reserve Bank of Australia policy decision that might result in an interest rate cut. Australian stocks held on to their early gains while the MSCI's broadest index of...

  • *Saudis consider halt to Yemen bombing to let humanitarian aid in. SINGAPORE, May 5- Brent crude oil futures slipped towards $66 a barrel on Tuesday, falling from a 2015 high, as Saudi Arabia considered halting bombing in Yemen to allow the delivery of aid, which eased concerns about oil supply from the Middle East. "The stronger U.S. dollar and also news out of Saudi...

  • MELBOURNE, May 5- London nickel edged to its highest level in five weeks on Tuesday as prospects of tighter supply and a technical rally drove a recovery from last month's six year lows. London copper slipped from near four month highs as markets more broadly digested a stream of weak global factory reports that may push monetary officials in the U.S. and China to...

  • *Total revenue $2.91 bln vs est. May 4- Cognizant Technology Solutions Corp expects its healthcare business to drive growth this year, helped by its acquisition of healthcare IT services provider TriZetto Corp and the implementation of the U.S. Barclays analyst Darrin Peller said companies that have more exposure to healthcare and financial industries, and...

  • NEW YORK, May 4- The dollar edged higher on Monday in thin trading after a two-week drop tied to data suggesting the U.S. economy might be stabilizing following a soft patch in the first quarter. The greenback moved in tight ranges against major currencies as trading was thinned by market holidays in Britain and Japan. The dollar should tread water or soften going...

  • LONDON, May 4- The dollar rose for a second day on Monday, building on a modest comeback from a two-week decline on the back of data suggesting that the U.S. economy might be stabilising following a recent soft patch. Just three days before Britons vote in the closest-fought electoral race in recent history, the cost of protection against big swings in sterling's...

  • Brent hits 2015 high of $66.95 a barrel. LONDON, May 4- Oil rose towards $67 a barrel on Monday to reach a 2015 high, supported by expectations the supply glut will ease and after weak Chinese factory activity reinforced views that stimulus measures would be rolled out. Brent crude was up 39 cents to $66.85 a barrel by 0848 GMT, after hitting a 2015 peak of $66.95.

  • *Dollar index adds to modest gains. *Sterling weak as UK general election approaches. LONDON, May 4- The dollar added to tenuous gains on Monday after staging a modest comeback from a two-week decline on Friday, as data suggested that the U.S. economy might be stabilising after a recent soft patch.

  • *U.S. weekly oil rig count decline slows- Baker Hughes. SINGAPORE, May 4- Brent crude edged towards $67 a barrel on Monday, reversing earlier losses after weak Chinese data reinforced views that stimulus measures would be rolled out for the world's second largest economy. What the market really wants to see is supply being cut to match the demand level, "said Ric...

  • HONG KONG, May 4- Asian stocks bounced off lows on Monday and the Australian dollar pared early losses as weak China factory activity reinforced views that Beijing will roll out fresh support measures soon for the world's second-largest economy. Spreadbetters expected the equity markets to open firmer in Europe, forecasting Germany's DAX and France's CAC to...

  • *U.S. weekly oil rig count decline slows- Baker Hughes. SINGAPORE, May 4- Brent crude dipped towards $66 a barrel on Monday as weak Chinese data added to demand fears, while near-record supplies from OPEC producers maintained worries about oversupply. What the market really wants to see is supply being cut to match the demand level, "said Ric Spooner, chief market...