Ann: ANZ 2015 Full Year Result - Media Release, page-5

Banks RECOVERY is On....as the FED does Not Raise Rates  last night .

Outlook: Aus shares set to open higher October 29, 2015 09:05 AM

Following positive leads from Wall Street following the Fed’s decision to once again keep interest rates on hold, the Australian share market looks set to open well into positive territory this morning.

US economic news

We saw US stocks end sharply higher this morning after Federal Reserve Chairwoman Janet Yellen left the door open for a rate hike in December. The FOMC stated it anticipated inflation to remain near its recent low level in the near term, but will rise gradually toward 2 percent over the medium term as the jobs market improves. If the FOMC decides to lift rates in December, it will be the first time in a decade.

Global markets

Wall Street closed higher yesterday:
The Dow Jones Industrial Average gained 1.1 per cent to close at 17,780,
the S&P 500 added 1.2 per cent to close at 2,090
and the NASDAQ gained 1.3 per cent to close at 5,096.

European markets closed higher
: London’s FTSE added 1.1 per cent,
Paris gained 0.9 per cent
and Frankfurt added 1.3 per cent.

Asian markets closed mixed:
Tokyo’s Nikkei added 0.7 per cent,
Hong Kong’s Hang Seng lost 0.8 per cent,
and China’s Shanghai Composite lost 1.7 per cent.

The Australian share market closed lower yesterday:
The S&P/ASX 200 Index closed 11 points lower to finish at 5,335.
On the futures market the SPI is up 43 points.


Company news

ANZ Bank (ASX:ANZ) has reported a 3 per cent jump in statutory net profit to $7.5 billion for FY 2015. The final dividend came in at 95 cents fully franked with the total dividend for the year up 2 per cent. The company says its pleased to see growth in its customer franchises in Australia, New Zealand and Asia despite macro-economic headwinds. Shares in ANZ closed yesterday at $28.75.