Market indexes in Europe declined after resource sector led the downturn and copper and oil prices edged lower. IPF warned of lower 2016 profits amid tighter credit regulations. Barratt Developments posted a 40% pre-tax profit growth.
Australian stock markets extended gains for the ninth day in a row in the final week of 2015. Byron Energy Ltd completed $4.5 million stock offering to finance Gulf of Mexico expansion. Hills Limited financial facility was reduced by half.
Australian market indexes gained and extended weekly gain to 3.4%. Australian dollar edged higher to 72.52 U.S. cents and gold and crude oil bounced from the recent lows. Real estate software developer Onthehouse soared on a takeover offer.