Australia: Shares edge up amid mixed earnings, Fed uncertainty

Australian shares edged higher on Monday as investors digested a mixed bag of earnings results and the possibility of a United States rate hike before long, while New Zealand stocks continued their ascent to record highs.

Companies in Australia were showing they could cope with a mining downturn. But recent comments from Federal Reserve policymakers indicating a rate hike could come at a September policy meeting kept investors cautious.

After see-sawing between positive and negative territory, the S&P/ASX 200 index was up 5.817 points, or 0.11 per cent, at 0234 GMT.

The benchmark was 0.1 per cent lower last week, the first with annual earnings results.Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg