Australian Market Report of August 11, 2010
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 Wednesday after US stocks dropped and oil and metals prices slipped overnight.
The Australian stock market opened lower today, after poor signals on the US jobs market sent Wall Street slightly lower overnight.
Pluton Resources Limited (ASX:PLV) has received final assay results from angled drill hole 10DDH018 and vertical drill hole 10DDH019 from the current Phase II drilling program on Hardstaff Peninsula, Irvine Island, Western Australia (E04/1172).
The Australian stock market opened lower on Wednesday, shedding gains after hitting a six-week high on the previous day. In early trade, S&P/ASX200 index was down 0.3 per cent, at 4558.1 points, while All Ordinaries index had fallen 0.28 per cent, to 4573.8 points. Financial and industrial stocks were down 0.5 per cent and the materials sector was 0.4 per cent lower.
The Australian stock market swung higher this morning after Wall Street hit a ten-week high after better-than-expected manufacturing data and strong European bank earnings. Almost all sectors have performed strong, leading by Materials, Information Technology and Energy.
Pluton Resources Limited (ASX:PLV) is pleased to release quarterly activities report for the quarter ended June 2010.
Environmental Clean Technologies Limited (ASX:ESI) wishes to advise it is performing test work on iron oxide samples provided by Gulf Mines Limited (ASX:GLM) from its Nowa Nowa deposit, using our Matmor process.