Australian local market expected to open weaker
Posted on January 07th, 2009 in aus, aussie dollar, aussie stocks, australia, Australian local markets, cent, commodity prices, micro cap, perth, stocks
Due to the falling prices of commodities and weak stocks on Wall Street, the local stock market of Australia is likewise expected to open weaker.
On Wednesday, the Australian stock market closed higher, after the local resources sector strengthened on the back of improved commodity prices.
The benchmark S&P/ASX200 index was up 37.0 points, or 0.99 per cent, at 3,779.7, and the broader All Ordinaries index added 39.0 points, or 1.06 per cent, to 3,728.2.
