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Stock impact report

Australia, NZ shares helped by China PMI; virus anxiety caps gains [Reuters]

Avita Medical, Inc. (RCEL) 
Company Research Source: Reuters
Australia, NZ shares helped by China PMI; virus anxiety caps gains * Australian benchmark down 1% this week * Energy stocks gain on higher oil prices * Travel stocks help NZ rise (Updates to close) By Nikhil Subba Jan 31 (Reuters) - Australian shares eked out gains on Friday as monthly data from China showed signs of stabilisation, although worries over the rapidly-spreading coronavirus capped gains and dragged the benchmark 1% lower for the week. The S&P/ASX 200 index closed up 0.1% at 7,017.20. It gained about 5% in January, its biggest since February 2019. Official data on Friday showed growth in China’s services sector activity quickened in January, rising to 54.1 from 53.5 in December, while factory activity hit the neutral 50-point mark, which was in line with expectations of a Reuters poll. Beijing has been counting on a strong services sector growth to counter prolonged weakness in manufacturing, which has been weighed by weak demand. “China’s data dump has given us a leg-up i Show less Read more
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