Arab Today, arab today australian stock market trades lower
Last Updated : GMT 20:51:12
Arab Today, arab today
Arab Today, arab today

Australian stock market trades lower

Arab Today, arab today

Arab Today, arab today Australian stock market trades lower

Market trades
Sydney - XINHUA

Resources weigh at Australia's open as the market traded lower ahead of a dump of economic data this week.

At the 10.15 a.m. (AEDT) official market open, the benchmark S&P/ASX200 index was down 12.4 points, or 0.24 percent, at 5190.2, while the broader All Ordinaries index fell 11.6 points, or 0.22 percent, to 5239.8.

Australia's third quarter GDP data release on Wednesday is arguably more important than Tuesday central bank policy meeting with the interbank market hedging a five percent chance of a cut after governor Glenn Stevens told a room of economists last week to "chill out" on policy easing.

"The RBA wants to have the 'full' economic picture to assess policy for 2016. Tomorrow will be the most lacklustre event of the week -- no surprises will be sprung," IG market strategist Evan Lucas said.

Fresh weakness in oil and commodities, though not iron ore on Friday, is pulling local stocks into the red on Monday.

At the open, gold miner Newcrest fell 2.73 percent, Rio Tinto is down 1.77 percent while BHP Billiton slumped 2.26 percent as it faces further liability surrounding its Brazil tailings dam collapse.

Woodside Petroleum slipped 0.30 percent, Santos is flat while Oil Search jagged a 0.06 percent gain.

ANZ fell 0.33 percent, the National Australia Bank is down 0.40 percent while the Commonwealth Bank of Australia was up 0.04 percent and Westpac edged 0.03 percent higher.

Woolworths and Wesfarmers were up 0.29 percent respectively despite local retailer Dick Smith was abandoning its earnings guidance on poor October and November earnings.

Qantas opened flat while Telstra fell 0.37 percent.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian stock market trades lower Arab Today, arab today australian stock market trades lower

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today australian stock market trades lower Arab Today, arab today australian stock market trades lower

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أسواق مالية
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday