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Article: Australian Market Report of August 25: Take a Breather after Rally
- Article from:
- abnnewswire.net
- Article date:
- August 25, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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US stocks ended flat overnight in light trade volumes as the market was awaiting the economic data this week. The Dow Jones Industrial Average edged higher to its highest close in more than nine months.
The Australian market jumped higher yesterday on strong overseas leads, particularly lifted by comments from the US Federal Reserve. The benchmark S&P/ASX 200 index was up 135.5 points, or 3.16 per cent, at 4426.1 points. The broader All Ordinaries index surged 128.5 points, or 2.98 per cent, to 4434.2 points.
Key Economic Facts and Figures
The Australian Bureau of Statistics (ABS) said on Monday that new motor vehicle sales fell by 6.9 per cent, seasonally adjusted, to 75,006 units in July, ...