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Article: Australian Market Report of October 13: US Investors Confident about Earnings
- Article from:
- abnnewswire.net
- Article date:
- October 13, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Dow Jones Industrial Average edged higher overnight towards the 10,000 points psychological level, helped by a market confidence on corporate earnings of blue chip companies. Energy stocks were also up on the back of a jump in crude oil prices.
The Australian market yesterday retreated from its early gains, dragged by financial stocks. The benchmark S&P/ASX200 index fell 13.1 points, or 0.28 per cent, to 4,739.8, while the broader All Ordinaries was nine points, or 0.19 per cent lower, to 4745.5. Most major Asian stock markets also ended lower Monday, as investors locked in profits ahead of a string of key U.S. corporate results.
Key Economic Facts and Figures
Australian Treasurer Wayne ...