2010-07-30
Market Report – 30 July 2010
» All eyes on US Advance GDP out tonight at 1030AEST.
» US sharemarkets eased on Thursday. A number of US companies noted that deflationary pressures were crimping margins and profitability. The Dow Jones fell by almost 30 points or 0.3% with the S&P 500 lower by 0.4%, and the Nasdaq lost almost 13 points or 0.6%.
» European shares fell for the second day with weakness in early US trade weighing on prices.
» US crude oil prices rose for the first time in three days as the US dollar eased, improving the purchasing power of buyers in Europe and Asia.
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