Australian shares were somewhat higher as the domestic market held its ground in spite of falls on Wall Street as well as in Europe. At the 1200 AEST, the benchmark S&P/ASX200 index was up 0.16 % or 6.8 points, at 4,291.9 points, as the broader every Ordinaries index had raised to 0.13 % or 5.8 points, to the 4,348.5 points.
On ASX 24, June share price index futures bond was 16 points superior at 4,301 points, on level of 14,673 contracts operated. Bill Chatterton, RBS Morgans equities director said that, the local market had bounced back after sluggish trading of last week. He said that, many large-cap stocks that previous week had a quite unpleasant week are currently getting some attention,"
He thinks there is a hint of purchasing, mainly in the top 20 as the prices have come back fairly. Previous week was pretty dreadful. They are starting to acquire a little bit of a jump back. Dramatic $US2 bn derivatives loss of JPMorgan pummeled US stocks, with the 9.3 % fall of bank pulling other bank shares as well as the major market indices down with it.
Dow Jones Industrial was down to 0.27 % or 34.44 points, to 12,820.60 at close, whereas the S&P 500 dropped by 4.6 points to 1353.39. The European stock markets took a strike from political unbalance in Greece as well as downbeat euro sector forecasts however then recovered on better-than-predicted US inflation and customer sentiment information. After expenses most of the day in the red, the benchmark FTSE 100 index of the London is of the top firms closed up by 0.57 % at the 5575.52 points as well as Frankfurt's DAX 30 raised by 0.95 % to 6579.33 points.
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