Tuesday, April 2, 2013

Reuters: Hot Stocks: Australian shares inch up; investors cautious before trade data

Reuters: Hot Stocks
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Australian shares inch up; investors cautious before trade data
Apr 2nd 2013, 23:15

Tue Apr 2, 2013 7:15pm EDT

SYDNEY, April 3 (Reuters) - Australian shares inched up 0.3 percent led by financials, following a rise on Wall Street overnight, but weakness in gold miners capped gains as investors awaited local trade data due out later on Wednesday.

Westpac Banking Corp led banks higher, rising 0.6 percent. Australia New Zealand Banking Group bucked the trend, slipping 0.3 percent.

The benchmark S&P/ASX 200 index was up 12.4 points at 4,997.9 by 2310 GMT. The benchmark rose 0.4 percent on Tuesday.

New Zealand's benchmark NZX 50 index rose 0.2 percent or 7.6 points to 4,419. (Reporting by Thuy Ong; Editing by Chris Gallagher)

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