Friday, 2 May 2014

Forex Outlook News : Upbeat Australian Market

Australian shares moved up by 0.2 % with the speculation of the positive U.S. jobs report. The market sentiment was high with the advancement in the financial sector and the surging up of Treasury Wine.

Adding 9.3 points, the S&P/ASX 200 index advanced to 5,458.1 at the end of the trading session. The benchmark slid down by 1.3 % for the week, breaking the advancement of six consecutive weeks.

Treasury Wine Estates Ltd moved up by 6.5 %. It was supported by the reports revealing the interest of French company Pernod Ricard in buying its distressed U.S. assets.New Zealand's benchmark NZX 50 index moved up by 0.5 %, making an increase of 23.7 points to consolidate at 5,232.9 at the end of the trading session.