Australian Market Slips On Cautious Trading; Energy, Financial Stocks Down
Australian Market Slips On Cautious Trading; Energy, Financial Stocks Down
The Australian market ended in negative territory on Friday, the
last trading of the week, dragged down by energy related stocks
after the crude oil priced declined amid volatile session in the
International market in the previous session. Modest gains on Wall
Street in the previous session despite weaker jobless claims report
failed to enthuse traders amid concerns about measures announced by
China to cool off its real estate market. Weak trading across other
markets in the region also impacted market sentiment as traders
preferred to exercise caution and move to the sidelines ahead of
more earnings and economic data from the U.S.view original article
