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Friday, 29 August 2008

Aussie share market tipped to open lower

19/06/2008 7:00:00 AM.  | 
The Australian share market is expected to open lower after US stocks fell on disappointing results from Morgan Stanley and FedEx Corp.

At 0654 AEST on the Sydney Futures exchange, the June share price index was down 64 points at 5,371.

Today, the Australian Chamber of Commerce and Industry/Westpac survey of industrial trends for June quarter is released.

Australian Competition and Consumer Commission chairman Graeme Samuel speaks at an Australian Institute of Company Directors lunch on `What is on the ACCC's radar'.

The Australian stock market closed in positive territory yesterday, with gains in the resource and energy sectors outweighing falls from the financials.

The benchmark S&P/ASX200 index rose 20.5 points, or 0.38 per cent, to 5443.2, while the broader All Ordinaries gained 24.4 points to 5550.3.

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