Markets Live: Telco cash splash

Investors may be further buoyed by Telstra’s announcement in its annual results of a bigger than expected dividend and a share buyback, while Dexus, Goodman Group, Crown and Fairfax Media also report. • On Wall St, S&P 500 +0. 7%, Dow +0. • In Europe, Euro Stoxx 50 +1. 1%, FTSE +0. 4%, CAC +0. 8%, DAX +1. • Spot gold up $US1. 73 to $US1311. • Brent oil rises $US1. 11 to $US104. • Germany Q2 GDP, EU Q2 advance GDP, US June business inventories, US July import ../../../2014/08/markets-live-telco-cash-splash/price_index.___8226.css; Telstra, Dexus, Southern Cross Media, Fairfax Media, Goodman Group and Crown results. • CIMB has maintained an “add” rating on mining giant Rio Tinto, increasing its target price to $92 compared with its current share price of $67. 75. • Morgan Stanley has retained an “overweight” rating on electronics retailer JB Hi-Fi, revising its share price down to $21 from $24. • The following stocks will trade ex-dividend today: Advanced Share Registry final, Antilles Oil and Gas NL stock split, Aspermont rights issue, Australand Property Group final, Milton Corp final and special cash. 9:01am: Good morning and welcome to the Markets Live blog for Thursday.

Read more here: SMH


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