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Article: Australian Market Report of July 10: More Attention to Earnings Forecasts
- Article from:
- abnnewswire.net
- Article date:
- July 10, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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US stocks edged higher on Thursday. The market was still cautious before the release of more earnings reports, despite Alcoa kicked off the reporting season with a positive tone. Investors would be focused more on earnings forecasts of second half, but less on the bottom line figures.
The Australian shares closed flat Thursday as the market was awaiting more US corporate financial results. The benchmark S&P/ASX200 index fell 4.6 points, or 0.1 per cent, at 3763.3 points, while the broader All Ordinaries index also lost 4.6 points, or 0.1 per cent, to 3761.4 points. The market sentiment was buoyed by the better-than-expected jobs data released yesterday.
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