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Article: Australian Market Report of September 10: Wall Street Extended Gaining Streak
- Article from:
- abnnewswire.net
- Article date:
- September 10, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Overnight US stocks rose for a fourth consecutive session led by industrial stocks. But market sentiment were dented after Federal Reserve report showed that consumer spending was still soft and retail sales were flat. The report also said labour market conditions remained weak across all districts.
The Australian shares closed flat yesterday as the disappointing retail sales data pared some early gains. The benchmark S&P/ASX200 index fell 1.6 points, or 0.04 per cent, to 4522.2, while the broader All Ordinaries lost 0.7 points to 4527.1.
Key Economic Facts and Figures
The Australian Bureau of Statistics (ABS) said the number of home loan approvals for owner-occupied housing fell by 2 per ...