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Article: Australian Market Report of June 15: Market Posts Consecutive Gains
- Article from:
- abnnewswire.net
- Article date:
- June 15, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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US shares rose Friday led by Bank of America, which rallied on higher profit estimates. Wall Street has advanced for four consecutive weeks. The Dow Jones Industrial Average has erased its 2009 loss amid an expectation of an imminent end to the recession.
The Australian market was slightly up on Friday fuelled by resources stocks. The benchmark S&P/ASX200 index closed up 15 points, or 0.37 per cent, to 4062.2, while the broader All Ordinaries index gained 14.8 points, or 0.37 per cent, to 4061.5. The local market has received negative lead from weaker commodities prices. Investors may look towards profit guidance while there could be limited company news scheduled this week.
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