Thứ Năm, 21 tháng 3, 2013

Australian market set to open lower

Wall Street US shares markets

Traders work on the floor of the New York Stock Exchange (NYSE) in New York, January 2, 2013. US stocks shot up Wednesday on news of a fiscal-cliff deal in Congress that prevented most tax increases and delayed sharp spending cuts. A half hour into trade, the Dow Jones Industrial Average was up 263.18 points (2.01 percent) at 13,367.32. The tech-rich Nasdaq Composite added 80.27 points (2.66 percent) at 3,099.78, while the broad-market S&P 500 gained 30.24 (2.12 percent) at 1,456.43. In the first trading day of the new year, Wall Street joined a global equities rally celebrating the passage of a bill that avoids the "fiscal cliff" of automatic spending cuts and tax increases. AFP PHOTO/STEPHEN CHERNIN Source: AFP

THE Australian market has opened lower as the European Central Bank sets a deadline for its Cyprus bailout.

At 10.23am (AEDT), the benchmark S&P/ASX200 index was down 23 points, or 0.46 per cent, at 4,936.4 points.

The broader All Ordinaries index was down 25 points, or 0.5 per cent, at 4,951.8 points.

The June share price index futures contract was down 11 points at 4,959 points, with 9,879 contracts traded.

In economic news on Friday, reserve Bank of Australia assistant governor (financial system) Malcolm Edey is due to be a panel participant at the Australian Centre for Financial Studies and Financial Services Institute of Australasia Leadership Luncheon Series.

Australian Financial Review/JP Morgan Chanticleer has scheduled a lunch featuring Wesfarmers chairman Dr Bob Every, Origin Energy chairman Kevin McCann and AMP chairman Peter Mason.

The American Chamber of Commerce in Australia's Brisbane lunch on Growing a Business Globally is slated to feature speakers Cardno executive general manager international Michael Renshaw, Domino's Pizza chief executive Don Meij, and US Consul-General Niels Marquardt.

No major equities news is expected.

In Australia, the market on Thursday closed lower after being buffeted by speculation over the Labor leadership.
The benchmark S&P/ASX200 index was down 7.9 points, or 0.16 per cent, at 4,959.4 points, while the broader All Ordinaries index was down 5.8 points, or 0.12 per cent, to 4,976.8 points.


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