Australia Shares Seen Adding to Gains -- Market Talk
February 22 2016 - 6:04PM
Dow Jones News
17:34 ET - Australia's benchmark ASX 200 index looks set to rise
further above the psychologically key 5000 mark in early trading,
after US stocks joined gains globally following a rise in commodity
prices. IG forecasts the index will gain 0.3% when it opens, after
it rose 1% Monday to 5001.2. "Iron ore has become a flash point for
the changing risk story in the ASX," IG says, adding the strong
gain this year by the steelmaking commodity has helped buoy mining
shares. BHP Billiton (BHP.AU) is in the spotlight after slashing
its dividend and shifting its payout policy after posting a loss.
Also turning in earnings reports early in the day, are QBE
Insurance (QBE.AU) and Qantas Airways (QAN.AU), among a host of
other companies. (robb.stewart@wsj.com; @RobbMStewart)
(END) Dow Jones Newswires
February 22, 2016 17:49 ET (22:49 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
QBE Insurance (PK) (USOTC:QBIEY)
Historical Stock Chart
From Nov 2024 to Dec 2024
QBE Insurance (PK) (USOTC:QBIEY)
Historical Stock Chart
From Dec 2023 to Dec 2024
