Australian Stock Market Performance
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Title: Australian Stock Market Performance

Essay Details:

Subject: Business
Author: Zonia H
Date: August 6, 2011
Level: University
Grade: A
Length: 2 / 469

Essay text:

The index inched up 0.2 percent on the week. "I suspect the market was driven (lower) by investor fatigue and profit taking in the resources sector today as investors reacted to continuing hefty falls for uranium prices overnight," said Guy Hutchings, chief investment officer at MFS Investment Management Ltd. Still, analysts said resource stocks look well supported on a solid outlook for commodities demand, while healthy company earnings and strong liquidity flows will continue to shore up the overall market. "There's nothing in the broader global environment to suggest that equity markets are going to fall over," said Simon Doyle, head of strategy at Schroder Investment Management...

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