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Article: Australian Market Report of September 4: Gold Stocks Strengthened
- Article from:
- abnnewswire.net
- Article date:
- September 4, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Wall Street overnight ended the losing streak and edged higher after the better-than-expected retail sales data. The good sales data in August to some extent eased the concerns over the key US employment gauge which is scheduled to release on Friday.
The Australian share market closed flat as financial and energy sectors declined while gold stocks strengthened. The benchmark S&P/ASX200 index lost 8.6 points, or 0.19 per cent, at 4429.6, while the broader All Ordinaries dropped 3.7 points, or 0.08 per cent, to 4432.9.
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