Reuters: Hot Stocks: Australia shares inch up to 2-month closing high

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia shares inch up to 2-month closing high Jul 31st 2013, 06:22 Wed Jul 31, 2013 2:22am EDT SYDNEY, July 31 (Reuters) - Australian shares pared some earlier gains to inch up 0.1 percent on Wednesday, underpinned by yield plays in banks, but miners fell as investors cut exposure ahead of the Federal Reserve's policy decision and data that could raise questions on global demand. Investors were buying banks for higher yields as they braced for an expected cut in official interest rates next week after Reserve Bank of Australia Governor Glenn Stevens said on Tuesday that inflation would be no bar to a cut in interest rates. The S&P/ASX 200 index added 4.8 points to 5,052.0. The benchmark ended July with a 5.5 percent gain, the biggest monthly gain since November 2012. New Zealand's benchmark NZX 50 index was down 0.3 percent to 4,538.0.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions