Stocks to watch on the Australian stock exchange:
ANZ – ANZ BANKING GROUP – down 41 cents, or 1.5 per cent, at $26.80
ANZ is facing criminal charges by the Commonwealth Director of Public Prosecutions over alleged cartel conduct related to a $2.5 billion share placement in 2015.
QAN – QANTAS AIRWAYS – up 3 cents, or 0.5 per cent, at $6.38
Qantas and Air New Zealand have launched a codeshare agreement, which will be applied to 115 domestic routes in New Zealand and Australia, making travel between the two countries easier.
WPL – WOODSIDE PETROLEUM – down 27 cents, or 0.8 per cent, at $32.14
STO – SANTOS – down 5 cents, or 0.9 per cent, at $5.81
OSH – OIL SEARCH – down 8 cents, or one per cent, at $8.19
ORG – ORIGIN ENERGY – down 15 cents, or 1.6 per cent, at $9.45
Oil stocks are under pressure on Friday after US oil prices fell nearly two per cent, despite a larger-than-expected decline in US crude inventories, while global benchmark Brent was little changed.