(Bloomberg) -- Australian stocks gained, led by
Woodside Petroleum Ltd. after it said second-quarter sales
increased 14 percent, and by Macquarie Bank Ltd., which said today
first-quarter profit rose ``substantially.''
``Macquarie was more positive than they normally are and
Woodside got a bounce after production came in as forecast,'' said
Troy Angus, who helps manage the equivalent of $2.1 billion at
Paradice Investment Management Ltd. in Sydney. ``It shouldn't come
as a surprise that corporate Australia is doing so well. With the
strong domestic economy we're likely to see a pretty robust
reporting season.''
Read more at Bloomberg Stocks News
Woodside Petroleum Ltd. after it said second-quarter sales
increased 14 percent, and by Macquarie Bank Ltd., which said today
first-quarter profit rose ``substantially.''
``Macquarie was more positive than they normally are and
Woodside got a bounce after production came in as forecast,'' said
Troy Angus, who helps manage the equivalent of $2.1 billion at
Paradice Investment Management Ltd. in Sydney. ``It shouldn't come
as a surprise that corporate Australia is doing so well. With the
strong domestic economy we're likely to see a pretty robust
reporting season.''
Read more at Bloomberg Stocks News
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