Market Update: The S&P/ASX 200 was 1.0% lower at 5,300 points, down for a third straight day, as investors reacted negatively to U.S

Bell Potter

Stockbroker

Market Update: The S&P/ASX 200 was 1.0% lower at 5,300 points, down for a third straight day, as investors reacted negatively to U.S. Federal Reserve chairman Ben Bernanke's speech. He said the U.S. economy remained far from where the Fed wanted to see it and that the U.S. central bank was still committed to its economic stimulus policies. Resources led the decline with BHP and RIO both down 0.9%. WorleyParsons plunged 24.6% after downgraded its profit guidance. Financials were also on a slide with all the major banks down between 0.6% to 1.3%. The AUD is trading steadily at US$0.9417 after climbing above US$0.9400 overnight. The SPI was down 1.1% at 5,309 points on the Sydney Futures Exchange.


Bell Potter Securities is a leading Australian stockbroking, investment and financial advisory firm that provides a comprehensive offering of financial services to a diversified client base that includes individuals, institutions and corporations.

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.