Reuters: Hot Stocks: Australia shares rally, sentiment bolstered by U.S. jobs data

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Australia shares rally, sentiment bolstered by U.S. jobs data Jan 6th 2013, 23:25 Tweet Share this Email Print Related Topics Basic Materials » Energy » Industrials » Sun Jan 6, 2013 6:25pm EST (Updates to opening levels) SYDNEY, Jan 7 (Reuters) - Australian shares rallied 0.5 percent on Monday, led by banking stocks, as investor sentiment was buoyed by U.S. data showing a steady pace of jobs growth and brisk expansion in the services sector. Banks all rose, headed by a 0.7 percent gain for the Commonwealth Bank of Australia. The S&P/ASX 200 index was 24.7 points higher at 4,748.5 by 2313 GMT. It fell 16.9 points on Friday after reaching 19-month highs earlier in the week. New Zealand's benchmark NZX 50 index inched up 0.3 percent or 11.4 points to 4,086.5. (Reporting by Thuy Ong; Editing by Richard Pullin) Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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