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Article: Australian Market Report of November 13: Market Seeking Stronger Catalysts
- Article from:
- abnnewswire.net
- Article date:
- November 13, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Wall Street rally ended on Thursday as the market was suffering from "rally fatigue". The better-than-expected US jobless claims and corporate news failed to move investors who had been bombarded by positive news in recent sessions. A surge in oil stockpiles also raised concerns over the US recovery.
The Australian stock market opened lower in early trade after negative leads from overseas. Yesterday the share market closed flat despite strong gains in the mining sector. The benchmark S&P/ASX200 index fell 9.1 points, or 0.19 per cent, at 4747.9 points, while the broader All Ordinaries index lost 7.7 points, or 0.16 per cent, to 4758.2 points.
The Aussie dollar traded lower today after ...