Fisher & Paykel Healthcare logo

FPH - Fisher & Paykel Healthcare News Story

NZD33.8 -0.1  -0.3%

Last Trade - 6:00am

Sector
Healthcare
Size
Large Cap
Market Cap £10.17bn
Enterprise Value £10.14bn
Revenue £834.4m
Position in Universe 31st / 1911

Australia shares close lower as U.S. stimulus appears elusive

Thu 22nd October, 2020 7:02am
* Energy stocks slip as oil prices fall further
    * Gold stocks decline as bullion prices retreat
    * Miners, healthcare stocks buck downtrend

 (Updates to close)
    By Nikhil Subba
    Oct 22 (Reuters) - Australian shares fell on Thursday,
weighed down by energy and financials stocks, as talks on a new
U.S. fiscal coronavirus aid package dragged on, raising fears of
a delayed deal.
    The S&P/ASX 200 index  .AXJO  fell 1.5% in intraday trade
before miners helped it recoup some of the losses to settle 0.3%
lower at 6,173.80, its lowest close since Oct. 12.
    Overnight, Wall Street's three major averages closed lower,
after U.S. President Donald Trump accused Democrats of being
unwilling to craft an acceptable compromise on stimulus.
 urn:newsml:reuters.com:*:nL1N2HC1JV
    House Speaker Nancy Pelosi also expressed doubts over the
passage of a deal before the presidential election.
    "I'm very doubtful that we will get any stimulus agreement
being this so close to the election... It has the potential to
put either party at a disadvantage if they were to agree with
something now," said Brad Smoling, managing director at Smoling
Stockbroking.
    Australian energy stocks  .AXEJ  closed 1.9% lower as oil
prices extended losses after a build in U.S. inventories pointed
to a deteriorating outlook for fuel demand. O/R 
    Oil Search  OSH.AX  closed 3.7% lower after hitting a
two-week low earlier in the day, while Santos  STO.AX  slipped
1.9%.
    Financials  .AXFJ  fell 0.5% after earlier touching their
lowest level in more than a week. The "Big Four" banks -
Australia and New Zealand Banking Group  ANZ.AX , National
Australia Bank  NAB.AX  Commonwealth Bank of Australia  CBA.AX 
and Westpac Banking Corp  WBC.AX  - slipped between 0.5% and
0.8%.
    Gold stocks  .AXGD  declined 0.7% as bullion prices
retreated. Resolute Mining  RSG.AX  fell 6.4% and Chalice Gold
Mines  CHN.AX  lost 6.7%.  GOL/ 
    Miners  .AXMM  finished 0.2% higher, with both BHP Group
 BHP.AX  and Rio Tinto  RIO.AX  adding about 1%.
    In New Zealand, the benchmark S&P/NZX 50 index  .NZ50  fell
0.2% to 12,407.3. Top losers were Chorus Ltd  CNU.NZ , down
2.1%, and Fisher & Paykel Healthcare Corp  FPH.NZ , losing 1.7%.

 (Reporting by Nikhil Subba in Bengaluru; Editing by Subhranshu
Sahu)
 ((Nikhil.Subba@thomsonreuters.com; Reuters Messaging:
Nikhil.Subba.thomsonreuters.com@reuters.net))
 
((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 ))
© Stockopedia 2021, Refinitiv, Share Data Services.
This site cannot substitute for professional investment advice or independent factual verification. To use it, you must accept our Terms of Use, Privacy and Disclaimer policies.