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Article: Australian Market Report of July 22: Winning Streak Continues
- Article from:
- abnnewswire.net
- Article date:
- July 22, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Wall Street posted modest gains on Tuesday in choppy trade as investors started to be cautious after the recent rallies inspired by earnings results. In addition, US Federal Reserve Chairman Ben Bernanke said in testimony the pace of decline appears to have slowed significantly, but the financial system remained stressed and the labour market had continued to deteriorate.
Australian shares yesterday ended higher for the sixth consecutive day. The benchmark S&P/ASX200 was 0.4 points or 0.01 per cent higher at 4040.7, while the broader All Ordinaries gained 4.1 points, or 0.1 per cent, to 4048.3 points. Earnings reports of Australian companies will attract more attention in recent period ...