S&P/ASX 200 Hits 5-Week Low in Broad Declines
09 Ottobre 2013 - 2:56AM
Dow Jones News
0026 GMT [Dow Jones] Australia's S&P/ASX 200 is down 0.3% at
5135.4 after hitting a five-week low of 5118.9 in broad-based
declines after sharp falls on Wall Street as the U.S. budget and
debt ceiling impasse continues. BHP (BHP.AU), Westpac (WBC.AU),
Telstra (TLS.AU), Woodside (WPL.AU) and Fortescue (FMG.AU) are
holding ground but ANZ (ANZ.AU), NAB (NAB.AU), CSL (CSL.AU), Rio
Tinto (RIO.AU) and QBE (QBE.AU) are down 0.3%-1.5%. "It's really
turning off investors at the moment," Anson Rosewall, BBY's U.S.
based director of Australian research sales said of the U.S. debt
crisis. "The most concerning thing is that one-month U.S. Treasury
bill yields have hit their highest level since 2008." But Mr.
Rosewall says Australian shares could benefit from the change of
government last month. Despite a reduction in Westpac's consumer
sentiment index this month consumer and business confidence remain
relatively high. "The picture has changed now that we have a
pro-business and pro-economy government in power," Mr. Rosewall
says. He also points to signs of private-equity interest in the
resources sector as positive for Australian shares.
(david.rogers1@wsj.com)
Contact us in Singapore. 65 64154 140; MarketTalk@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
Grafico Azioni QBE Insurance (PK) (USOTC:QBIEY)
Storico
Da Mag 2024 a Giu 2024
Grafico Azioni QBE Insurance (PK) (USOTC:QBIEY)
Storico
Da Giu 2023 a Giu 2024
Notizie in Tempo Reale relative a QBE Insurance Group Ltd (PK) (OTCMarkets): 0 articoli recenti
Più QBE Insurance Group Ltd. ADS Articoli Notizie