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Friday, December 10, 2010

Stocks of dishes such as investors await data (The Australian)

The Australian share market has relied to its end flat as investors sitting on the bench in advance data economic key due out of China.

Reference S & P/ASX200 index closed up to 4.6 points, or 0.1% 4,745.9 points, while the index of all acquired more broadly focused 2.5 points or 0.05% 4,830 points.

On the ASX 24-1615, December share index futures contract price has dropped three points to points 4,749 with approximately 30,000 negotiated contracts.

Head of Australian stock research report Geoff Saffer said that as the end of the year approaching, there was little company news to attract the interest of investors.

Adding to the hesitation is that there are certain key data from China tomorrow afternoon, mainly CPI numbers and some should comments of economic policy, said Mr. Saffer."

"They explain how they (China) will be faced with growth and inflation, which has set the stage for the next week."

"I think that investors are a bit shy in advance of these figures of canon," he said.

Generally, banks are primarily a stronger while ground lost miners.

Mr. Saffer said that after the recent strength in resource stocks, some investors may have taken the opportunity to make a profit.

Commonwealth Bank acquired 35 cents in $50.59, Westpac has increased 28 cents to $22.57, National Bank of the Australia firmed 22 cents to $manufacture and ANZ has increased by 18 cents to $23.83.

Macquarie Group closed higher at $ 15 cents 36.79.


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