Australian stocks climbed higher in early Friday trading action, helped by some strong profits results locally and increases for U.S. equities. The S&P/ASX 200 progressed by 0.4% to 5,330.60, with Rio Tinto Ltd. recorded a 1.3% uptrend after reporting a steep swing to yearly earnings in 2013 and raising its dividend. Some of its rivals moved higher as well, with BHP Billiton Ltd. bolstering 0.8% and Fortescue Metals Group Ltd. leaped 1.2%. Overnight increases for gold futures boosted Evolution Mining Ltd. by 4.7%, but Newcrest Mining Ltd. relinquished 0.5% after reporting an almost 90% tumble in fiscal first-half earnings due to weak gold prices. Outside the mining industry, Transpacific Industries Group Ltd. jumped 2.4% in positive reaction to its earnings, and Incitec Pivot Ltd. climbing 2.9%.
The material has been provided by InstaForex Company – www.instaforex.com
Australian stocks climbed higher in early Friday trading action, helped by some strong profits results locally and increases for U.S. equities. The S&P/ASX 200 progressed by 0.4% to 5,330.60, with Rio Tinto Ltd. recorded a 1.3% uptrend after reporting a steep swing to yearly earnings in 2013 and raising its dividend. Some of its rivals moved higher as well, with BHP Billiton Ltd. bolstering 0.8% and Fortescue Metals Group Ltd. leaped 1.2%. Overnight increases for gold futures boosted Evolution Mining Ltd. by 4.7%, but Newcrest Mining Ltd. relinquished 0.5% after reporting an almost 90% tumble in fiscal first-half earnings due to weak gold prices. Outside the mining industry, Transpacific Industries Group Ltd. jumped 2.4% in positive reaction to its earnings, and Incitec Pivot Ltd. climbing 2.9%.
The material has been provided by InstaForex Company – www.instaforex.com
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