Tuesday 20 September 2011

Australian market preview

Reported by AAP
Tuesday, September 20, 2011
 
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The Australian market looks set to open little changed - or lower if it follows the slides on international markets overnight.

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At 0651 AEST on Tuesday, the December share price index futures contract was up 12 points at 4,106.
In economic news on Tuesday, the Reserve Bank of Australia releases the minutes from its September board meeting and the Commonwealth Bank Business Sales Index (BSI) for August is released.
In equities news on Tuesday, TPG Telecom Ltd and New Hope Corporation Ltd post full year results.
In Australia, the market on Monday ignored positive offshore leads to close sharply lower amid renewed concerns about the eurozone debt crisis.
The benchmark S&P/ASX200 index was down 67.9 points, or 1.64 per cent, at 4,081.5, while the broader All Ordinaries index fell 65.8 points,or 1.56 per cent, to 4,164.1.
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20/09/2011 21:15Sydney, Australia. 20 September,2011

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