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Stock impact report

Australia shares advance despite trade talk angst; NZ inches higher [Reuters]

Avita Medical, Inc. (RCEL) 
Company Research Source: Reuters
Australia shares advance despite trade talk angst; NZ inches higher * Australian benchmark’s biggest weekly fall in over two months * Three of the “big four” banks end lower * Miners buck trend, hit by fall in ironore prices (Updates to close) By Nikhil Subba Dec 6 (Reuters) - Australian shares closed higher on Friday in cautious trade after U.S. President Donald Trump said trade talks with China were “moving right along”, capping a see-saw week as hopes for a an agreement rose and fell. The S&P/ASX 200 index closed 0.4% higher at 6,707.00 points. But it fell 2% on the week, its biggest weekly percentage fall since Oct. 4. The benchmark rose 1.2% on Thursday. Trump’s upbeat tone on trade on Thursday was enough to spark buying, even as Chinese officials insisted existing tariffs must be removed as part of an interim deal to defuse the trade war. Earlier in the week, Trump rattled markets by saying a deal might have to wait until after the 2020 U.S. election. A new round of U.S. tariffs Show less Read more
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