Australian Market Report of August 13, 2010
The Australian stock market is higher in morning trade, despite that Wall Street recorded falls for the third consecutive trading day.
The Australian stock market is higher in morning trade, despite that Wall Street recorded falls for the third consecutive trading day.
The Australian stock market opened lower this morning, after global markets suffered a heavy loss and all key market indices dropped significantly.
The Australian stock market opened lower on Wednesday after US stocks dropped and oil and metals prices slipped overnight.
The Australian stock market opened lower on Tuesday, despite gains in Wall Street overnight. In early trade, the S&P/ASX200 index was down 0.17 per cent, at 4587.3 points, while the All Ordinaries index had fallen 0.14 per cent, to 4609.3 points. Materials fell 0.5 per cent, industrials index was down by 0.1 per cent and most banking stocks were lower.
The Australian stock market opened lower on Monday, following mixed leads from overseas markets. In early trade, the S&P/ASX200 index was down 0.41 per cent, at 4547.4 points, while All Ordinaries had fallen 19 points, or 0.41 per cent, to 4567.3 points.
The Australian stock market opened lower today, after poor signals on the US jobs market sent Wall Street slightly lower overnight.
The Australian stock market opened higher this morning after Wall Street returned to gains on better-than-expected corporate earnings and encouraging economic data.