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Australian banks scale record peak on higher-for-longer interest rate boost

BUZZ-Australian banks scale record peak on higher-for-longer interest rate boost ** Australian banking sub-index .AXFJ rises as much as 0.6% to touch a record high of 8,593.50 ** Gains in line with a broader rally in the ASX200 benchmark index .AXJO , which is also at its all-time peak - a fourth consecutive session of scaling a record level ** Banks are the top performers this year with ~27% gains - set for best year since 2009, if trend holds - sharply outperforming the benchmark index, which
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Australian shares hit record high as Fed rate cut nears

CORRECTED-Australian shares hit record high as Fed rate cut nears Corrects paragraph 5 to say the Australia jobs report is due on Thursday, not Friday Sept 17 (Reuters) - Australian shares hit a record high on Tuesday, as expectations grew that the U.S. Federal Reserve could deliver a outsized rate cut this week. The S&P/ASX 200 index .AXJO rose as much 0.3% to 8,148.8, as of 0110 GMT, surpassing the previous all-time high of 8,148.7 scaled on Aug.
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Wheat slips from 3-month highs, corn and soy also fall

GRAINS-Wheat slips from 3-month highs, corn and soy also fall Adds quote, updates prices LONDON, Sept 16 (Reuters) - Chicago wheat futures dipped from three-month highs on Monday although the market was underpinned by crop concerns in Europe and escalating tensions between Russia and Ukraine. Corn and soybean futures also fell as the United States geared up for large harvests of both crops.
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Australia, NZ dollars struggle for direction at start of pivotal Fed week

Australia, NZ dollars struggle for direction at start of pivotal Fed week SYDNEY, Sept 16 (Reuters) - The Australian and New Zealand dollars struggled for direction on Monday amid thin liquidity, although their near-term fate is almost entirely riding on the size of the U.S. rate cut this week, with bets of a large half-point move boosting bonds. Holidays in China, Japan, South Korea and Indonesia made for thin conditions.
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Australian shares rise towards fresh high as gold stocks shine; Fed in focus

Australian shares rise towards fresh high as gold stocks shine; Fed in focus Sept 16 (Reuters) - Australian shares rose towards a record high on Monday, as gold stocks jumped on soaring bullion prices, while investors waited for an almost-certain rate cut by the U.S. Federal Reserve later this week. The S&P/ASX 200 index .AXJO had climbed 0.5% to 8,143.3 by 1230 GMT and was set for a fifth straight session of gains.
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