Australia shares firm as rate cuts eyed on slowing growth

MELBOURNE, Dec 5 (Reuters) Australian shares rose 0.4 percent on Wednesday, winning back a good chunk of losses cheap canada goose uk in the previous session, on expectations of more rate cuts after data showed the economy slowed Canada Goose Parka in the third quarter.

The Canada Goose Jackets Australian Bureau of Statistics reported gross domestic product (GDP) rose 0.5 percent in the third quarter, the slowest pace since early buy canada goose jacket 2011.

was a solid, if not spectacular performance, with shares grinding higher despite another indifferent showing on Wall Street and the underwhelming local GDP print, said Tim Waterer, strategist at CMC Markets.

New Zealand benchmark NZX 50 index canada goose store slipped 0.2 percent to 4,007.25 points.

The Reserve Bank of Australia (RBA) cut interest rates to canada goose black friday sale a record matching low of 3 percent on Tuesday and investors suspect further easing will be needed to offset a profusion of headwinds, from a falling terms of trade to a high local dollar.

lower rate environment will canadian goose jacket ultimately canada goose uk black friday help drive more allocation away from cash to equities in 2013, said UBS strategist George uk canada goose Boubouras.

cash rates drive investors towards higher risk assets to search for a higher return. In all cycles, lower rates drive more risk seeking behaviour. canada goose clearance That is what lower funding costs aim Canada Goose Coats On Sale to do drive equity and property prices higher, he wrote in a report.

Top banks gained after the rate cut, with Commonwealth Bank advancing 1 percent.

Ten Network Holdings Ltd requested a trading halt ahead of an announcement in relation to a proposed capital raising.

raising will cheap Canada Goose be a bitter pill for shareholders to swallow, said Cameron eacock, strategist at IG Markets.

is a company bleeding cash, both from its operations and its shareholders. Due to poor programming, canada goose factory sale Ten has lost significant TV market share and as a result has seen TV ad revenues slump, he said.

Iron ore miner Sundance Resources plunged 12 percent to A$0.345 after it canada goose coats on sale said its takeover by Canada Goose sale Hanlong Group would be delayed to the end of January because the Chinese jackets company has not yet obtained the necessary funding. The deal Canada Goose Online had been due to close on Jan. 8.

Discovery Metals jumped 2.6 percent to A$1.61 as investors bet its Chinese suitor was likely to be successful with its A$1.70 a share, or uk canada goose outlet A$824 million ($864 million), hostile offer, after the copper miner announced it had run into problems at its Boseto mine in Botswana.

expect that there would be a canada goose uk outlet few others who be quite happy to sell at Canada Goose Outlet this price, particularly when you factor in what they (Discovery) just said Canada Goose online that we have to canada goose clearance sale stop mining at the Boseto open cut, said Pieter Bruinstroop, an analyst canada goose uk shop at broker Octa Phillip.

Coal of Africa canada goose coats fell 8 percent to A$0.175 buy canada canadagoosejacketsalesca goose jacket cheap after workers at its Mooiplaats colliery in canada goose South Africa embarked on an illegal strike following the suspension of four workers. (Reporting by Miranda Maxwell; Editing by Sanjeev Miglani).