Banks, real estate shares Buoy Australia shares

April 2 (Reuters) – Australian shares rose on Wednesday as profits in heavyweight banks and real estate shares gained the declines in miners before US President Donald Trump’s announcement of the reciprocal rates. The S&P/ASX 200 index rose 0.3% to 7,950.2 points from 0007 GMT. The measure closed 1% higher on Tuesday. The Reserve Bank of Australia stood at 4.10% on Tuesday, although it kept a slight leading tone in its statement. “With the announcement of the US Administration ‘Liberation Day’, just a day away, there was therefore no appetite to suggest something that may not be a big case for Australia about the horizon that could affect monetary policy,” Westpac analysts wrote. Worldwide, investors were careful before Trump’s reciprocal rates that would be announced on Wednesday, about 2000 GMT. Markets are at the point because of the uncertain nature of the rates with no clarity on the extent, exemptions as well as the potential reactions of other countries. Locally, banks rose 0.7% to a nearly one month high with all the ‘big four’ banks between 0.7% and 1.5%. Property supplies advanced 1.2%, with Goodman Group adding 2%and climbing Dexus by 1.1%. Miners dumped 0.9% despite an increase in iron ore prices with the increase in the demand of top consumers China. Mining subjects BHP and Rio Tinto fell about 1.1% each, while Fortescue rose 0.5%. Meanwhile, shares of the decorated casino operator entertainment have suspended because it announced the failure to acquire the refinancing of the investment group Salter Brothers Capital of up to a $ 940 million ($ 591.1 million). New Zealand’s benchmark S&P/NZX 50 index rose 0.6% to 12,383.06 points. ($ 1 = 1.5903 Australian dollar) (Reporting by Sneha Kumar in Bengaluru; Editing by Eileen Soreng) captures all business news, market news, news reports and latest news updates on Live Mint. Download the Mint News app to get daily market updates. Business NewsMarketsstock Marketsbanks, real estate shares Buoy Australia shares less