RE: Bad night16 Jul 2019 10:00
See BUZZ, Only two months ago ...... 11.5c down to 10.5c last night, not much cents? I hope!
ASX is normally so quiet on TOU, it seems unlikely to be that influential on the FTSE.
There was activity on banking in NZ to do with insurance irregularities which hit Aussie banks sp on Friday.
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Financials, energy shares drag Australian benchmark lower, NZ down
16 July 2019 07:46
RBA easing bias already priced in
Financials, energy stocks top losers
Rio shares reverse course, weigh on miners
Defensives advance
By Rushil Dutta
July 16 (Reuters) – Australia shares closed slightly lower on Tuesday, with advances in defensive stocks offset by losses in the financial and energy sectors, after investors shrugged off the central bank's July meeting minutes suggesting further policy easing.
The Reserve Bank of Australia said it would cut interest rates "if needed" at its July policy meeting, where it slashed the cash rate by a quarter point – the second cut in as many months – taking them to a record low of 1%.
The move highlighted the RBA's urgency to get the country's economy on its feet and reduce unemployment, and markets had already begun pricing in another 25 basis-point cut before the end of the year.
The S&P/ASX 200 index .AXJO ended 0.2% lower at 6,641 points. The benchmark ended down 0.7% on Monday.
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BUZZ – Australia's Tlou Energy hits over 1 – year high on tender nod from Botswana govt
21 May 2019 01:43
* Shares of oil and gas explorer Tlou Energy Ltd jump as much as 32.1% to A$0.185, their highest since Feb. 15, 2018
* Co receives confirmation from the Bostwana government on being chosen as a preferred bidder for the Development of a "maximum of 100 MW of coal bed methane fuelled power plants in Botswana"
* Co will now work with the Botswana government to finalise all project agreements
* Stock posts its biggest intraday pct gain since April 29
* Stock up 81.8% this year, as of last close
(Shriya.Ramakrishnan@thomsonreuters.com; +918067491695; Reuters Messaging: shriya.ramakrishnan.thomsonreuters.com@reuters.net)
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