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Article: Australian Market Report of September 22: Awaiting US Monetary Policy Decision
- Article from:
- abnnewswire.net
- Article date:
- September 22, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Wall Street closed mixed on Monday ahead of the Federal Reserve's monetary policy meeting. The Federal Reserve is widely expected to leave the near-zero interest rate unchanged, but may begin scaling back some economic stimulus. Traders moved into technology and health care shares amid concerns the energy, materials and financials were overbought.
The Australian share market yesterday ended slightly lower as investors locked in profits from previous rises. The benchmark S&P/ASX200 index fell 15.8 points, or 0.34 per cent, to 4677.4, while the broader All Ordinaries index lost 9.6 points, or 0.2 per cent, at 4684.1.
Key Economic Facts and Figures
Sales of new motor vehicles in Australia rose ...