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Article: Australian Market Report of August 26: More Positive Catalysts
- Article from:
- abnnewswire.net
- Article date:
- August 26, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Overnight Wall Street was up on economic data, positive earnings and the nomination of Federal Reserve chief Ben Bernanke to serve a second term. The Conference Board's August index of consumer confidence rose for a second month, exceeding economists' forecast.
The Australian market yesterday fell as investors locked in profits from the previous sharp rally. The benchmark S&P/ASX200 index closed down 20.3 points, or 0.5 per cent, at 4405.8 points, while the broader All Ordinaries index lost 16.7 points, or 0.4 per cent, to 4417.5 points.
Key Economic Facts and Figures
On Wednesday the Australian Bureau of Statistics is scheduled to release construction work done data for the June quarter. ...