Australian shares opened marginally lower following Wall Street's weak lead. Investors continued to place focus on the local news while the earnings season entered the final stage. The Australian dollar also opened lower on Monday over the federal election uncertainty. The local unit was trading at 88.63 US cents, down 0.44 per cent from Friday's close of 89.03 US cents.
The Australian shares opened slightly lower on Thursday despite Wall Street's positive lead. The focus of the local market continued to be the company earnings reports. In early trade, both the S&P/ASX200 index and the All Ordinaries fell 0.1 per cent.
Australian stocks opened higher on Wednesday after Wall Street rallied on encouraging economic data and positive quarterly earnings from retail giant Wal-Mart (NYSE:WMT). Metals and oil were all trading higher on Tuesday.
Hosted by the China Ministry of Land & Resources and the Tianjin Municipal Government, the 12th annual China Mining Congress & Expo 2010 will be held at the Tianjin Meijiang Convention and Exhibition Center from November 16 through 18, 2010. The theme of this year's Congress & Expo is: The World and China in Mining Consolidation: Co-operation, Responsibility and Development.
The Australian share market opened lower after receiving negative leads from overseas over the weekend. Last week, Wall Street fell for four consecutive days and most metals and oil prices were lower.
The Australian stock market opened lower on Wednesday after US stocks dropped and oil and metals prices slipped overnight.
The Australian stock market opened lower on Wednesday, shedding gains after hitting a six-week high on the previous day. In early trade, S&P/ASX200 index was down 0.3 per cent, at 4558.1 points, while All Ordinaries index had fallen 0.28 per cent, to 4573.8 points. Financial and industrial stocks were down 0.5 per cent and the materials sector was 0.4 per cent lower.
