In early trade, the benchmark S&P/ASX200 index rose 3 points to 4466.8 and the All Ordinaries was flat at 4539.2.
Nearing the end of another record-breaking week, the Aussie dollar was hovering around $US1.10 after falling below that mark overnight.
Making news today
In economics news:
* ABS releases private sector credit data
* RP Data-Rismark releases its house price index for May
* The Housing Industry Association releases its Trades Report for the June quarter
In equities news:
* Origin Energy and Murchison Metals publish quarterly production reports
* First half results are due from Austar United Communications and Energy Resources of Australia
* Singapore Telecommunications and Orica hold an extraordinary general meetings
* Foster's Group chief executive John Pollaers addresses an American Chamber of Commerce in Australia luncheon (Melbourne)
Offshore overnight
US stocks dragged the Standard & Poor's 500 Index lower for a fourth day as lawmakers indicated they were no closer to reaching an agreement to increase the debt ceiling and avoid default.
Key numbers:
* S&P 500 lost 0.3% to 1300.67
* Dow Jones Indus Avg lost 0.5% to 12,240.11
* Nasdaq composiet added 0.05% to 2766.25
The Dow Jones Industrial Average erased an advance of as much as 82 points after Senate Majority Leader Harry Reid said House Speaker John Boehner's plan to cut the deficit would be defeated in the Senate.
Exxon Mobil Corp. slipped 2.2 per cent as its earnings trailed analysts' estimates. Technology stocks led gains in the S&P 500, with Cisco Systems Inc. climbing 2 per cent after Goldman Sachs Group Inc. advised buying the stock.
European stocks markets were weighed down by debt strains in the United States, but reassured by earnings news while the euro fell against the dollar.
Key numbers:
* London's FTSE 100 added 0.28% at 5873.21
* In Frankfurt, the DAX lost 0.86% to 7190.06
* In Paris the CAC 40 lost 0.57% to 3712.66
In the news today
* Tax relief: Treasurer Wayne Swan hinted businesses savaged by the surging Australian dollar could be set for relief ahead of a tax reform summit in October.
* Gas boosted: Origin flags annual revenue of $7 billion from full production of the export gas project it is developing in Queensland, which is scheduled to be completed by 2016.
* Fake fees : Businesses gulled into signing up and paying as much as $1600 for what appeared to be a compulsory federal government registration scheme.
* Hardware blue: Stoush erupts between hardware retailer Mitre 10 and its incoming rival, the Woolworths Masters chain, over the new player's colour scheme.
Related Post:
australian stock market
- Australian stock market outlook open down may 7 2012
- why Aussie Drops april 13 2012
- Australian share market april 4 2012
- Australian stocks market opened march 5 2012
- Australian stock to watch feb 15 2012
- Australian stocks february 13 2012
- Leighton Holdings stock feb 7 2012
- BHP Billiton, RIO Tinto Shares prices down feb 3 2012
- Leighton Holdings stock feb 3 2012
- Fairfax Media Stock february 3 2012
No comments:
Post a Comment