Asian shares traded mixed late Thursday. Domestic data lifted Australian stocks, while weaker-than-expected Chinese economic data limited gains in Shanghai.» Read More
Asian equities were mostly lower on Thursday after preliminary data showed that Chinese manufacturing activity slowed to a 7-month low in February.
While dollar-yen is likely to break above 100 soon, there is skepticism over whether the pair will remain above the key psychological level.
As Australian stocks power to fresh five-year highs, analysts say the country's benchmark index is set for further gains.
China's benchmark index reversed course for a second time on Friday to close down 0.6 percent following an earlier spike of 5.6 percent that propelled the index to two-and-a-half-month highs.
Australian stocks approached their highest levels in nearly five years on Wednesday after China's trade balance swung to a surplus in April while Japan's benchmark Nikkei remained the region's out performer, extending gains to hit a fresh near five-year high.
Westpac, Australia's third-largest lender, posted a forecast-beating half-year profit on Friday, rewarding investors with a special dividend.
Australia's banks are cutting the cost of fixed-rate mortgages to their lowest in over two decades as a marked fall in funding costs and fierce competition combine to offer a glimpse of light.
Asian stocks were mostly lower on Thursday, with caution setting in ahead of a central bank policy meeting in Europe.
Wayne Swan, Treasurer of Australia says weaker third quarter growth figures shouldn't be a concern. He says the country's economic fundamentals are still strong, despite market concerns about the slowing mining boom.
Campbell Dawson, Portfolio Manager at Elstree Investment Management, says he sees headwinds for the Australian banking sector in the near term due to the impact of the mining slowdown
Mike Smith, CEO at ANZ says that the bank is continuing to invest and is becoming more productive, while learning to do more with less cost in its core franchises.
Paul Trainor, Senior Portfolio Manager, Macquarie Private Portfolio Management says Commonwealth Bank's profit result was better than expected, and describes his top picks in the Australian banking sector.
Tim Roche, Director, Financial Institutions Group at Fitch Ratings says major banks in Australia are generally well-positioned in the current low credit growth environment. He explains the risk factors that could potentially impact the country's banking sector.
Brian Johnson, Australia Banking Analyst, CLSA says Australian bank stocks are cheap and offer value as well as a banking safe haven amongst global banking plays.
Investors typically flock to defensive stocks during bouts of volatility, but Joshua Crabb, Director and Portfolio Manager, Blackrock's Asian Equities team said a number of cyclical stocks are starting to look attractive as well.
Chen Wai-Yee, Senior Adviser - Derivatives Specialist, Ord Minnett shares her strategy for trading National Australia Bank (NAB) using options.
Sean Fenton, Portfolio Manager, Tribeca Investment Partners shares his outlook for Australia's banking sector following earnings from the Commonwealth Bank of Australia.
Steve Johnson, Managing Director, Intelligent Investor discusses how the weak Australian dollar will help the country's economy. He adds that he is bearish on the currency in the long term.
Emma Lawson, Senior Currency Strategist, National Australia Bank says she expects two 25 bps cuts from the RBA in the coming months.
Paul Bloxham, Chief Economist for Australia and New Zealand, HSBC says that Australian banks are unlikely to pass on full extent of RBA cuts.