Australia: Financials, tech stocks drive market higher

[SYDNEY] Australian shares settled higher on Tuesday for the seventh straight session, as financials jumped on some economic optimism and dividend hopes, and technology stocks tracked Wall Street higher.

The S&P/ASX 200 index rose 1 per cent to 6,195.70, adding about 7 per cent during the seven sessions of gains through Tuesday. Financials closed 1.7 per cent higher, after having hit their highest level since Aug 12 earlier in the session, with the"Big Four" banks adding between 1.7 per cent and 3.3 per cent.

"There are some signs that there is a bit of optimism for the economy moving forward, and that's helping banks have a pretty good run," said James Tao, a market analyst at CommSec. Last week, the Australian government pledged billions in tax cuts and measures to boost jobs, which was quite accommodative for the economy.

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Nasdaq jumps 2.6 per cent as tech leads US stocks to close higherNEW YORK (AFP) - Tech shares led US stocks higher Monday, with Apple surging ahead of a new iPhone launch as investors shrugged off the stalemate over US stimulus talks in Washington.. Read more at straitstimes.com.
Fuente: The Straits Times - 🏆 8. / 63 Leer más »

Tokyo: Stocks close higher after US rallies[TOKYO] Tokyo stocks closed marginally higher in sluggish trading on Tuesday following rallies on Wall Street, as investors remained on the sidelines ahead of Japan's corporate results season. Read more at The Business Times.
Fuente: BusinessTimes - 🏆 15. / 51 Leer más »

Asian stocks set to rise as tech, stimulus hopes fuel global rallyAsian stocks were set to rise on Tuesday as a renewed tech rally and fresh optimism that Washington would deliver a coronavirus relief package ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »