Australian shares post worst week in nearly 3 months; Macquarie skids
Australian central bank decision due next week
Macquarie falls 3.6% after first-half profit miss
Updates to close
By Rajasik Mukherjee
Nov 1 (Reuters) -Australian shares fell for a third straight session on Friday to post their worst week in nearly three months, as Macquarie led index heavyweight financials lower after it missed first-half profit estimates.
The S&P/ASX 200 index .AXJO closed 0.5% lower at 8,118.8, declining 1.1% for the week - its biggest since the week ended Aug. 9.
Rate-sensitive financials .AXFJ lost 0.9%, with the "big four" banks down between 0.1% and 1.5%.
Macquarie Group MQG.AX fell 3.6%, hitting its lowest since Sept. 5, after Australia's biggest investment bank by assets reported first-half profit below analysts' estimates.
"Macquarie's profit miss created a further drag on the ASX200, while the prospects of there being no rate cut until perhaps Q1 2025 kept the financial sector under pressure," said Tim Waterer, chief market analyst, KCM Trade.
The Reserve Bank of Australia (RBA) is meeting next week and considered certain to hold rates at 4.35%.
"While the inflation pace continues to slow, it is not yet enough to signal rate cuts," said Oscar Gee, equity research associate at CLSA Australia.
"Focus will likely be on (RBA Governor) Michelle Bullock's commentary, which has remained hawkish at recent meets."
Meanwhile, miners .AXMM gained 0.4%, with BHP Group BHP.AX rising 0.3% and Rio Tinto RIO.AX up 1.7%.
A private survey showed that new home prices in China rose at a quicker pace in October, traditionally a peak season for house hunting.
Energy stocks .AXEJ climbed 1.1%, as oil prices edged higher after reports that Israel was preparing a retaliatory strike on Israel from Iraq in the coming days. O/R
Oil and gas giant Woodside Energy WDS.AX advanced 1.1%, while smaller peer Santos STO.AX gained 0.7%.
The sub-index lost 1.4% for the week, its fourth consecutive week of losses.
Real estate stocks .AXRE fell 0.7% on Friday, while IT stocks .AXIJ lost 0.4%.
In New Zealand, the benchmark S&P/NZX 50 index .NZ50 fell 0.6% to 12,559.28, declining 1.7% for the week.
Reporting by Rajasik Mukherjee in Bengaluru; Editing by Subhranshu Sahu
For more information on DIARIES & DATA: U.S. earnings diary RESF/US Wall Street Week Ahead .N/O Global Economy Week Ahead DATA/ ................................................................ For latest top breaking news across all markets NEWS1
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
