Region follows Wall St lead.

Australasian Business Intelligence, June, 2006

Byline: Richard Hemming

Jun 06, 2006 (The Australian Financial Review - ABIX via COMTEX) -- Falling commodity prices and growing expectations of a rise in US interest rates sparked a fall in the Australian sharemarket on 6 June 2006. The S&P/ASX 200 eased 83.9 points to end the session at 5,036.1, and the All Ordinaries Index closed 77.6 points lower at 5,004.5. Rio Tinto retreated $A2.39 to finish at $A77.50 while Woodside Petroleum lost $A0.93 to close at $A44.32. The Commonwealth Bank fell $A0.98 to $A43.12 and Rinker Group slid $A0.75 to be $A17.31 at the close of trade. The Australian dollar was also marked down, from $US0.7514 previously to $US0.7442.

Publication Date: 7 June 2006

STANDARD AND POOR'S AUSTRALIAN STOCK EXCHANGE ASX 200...

Read the rest of this article with a Free Trial at HighBeam Research.

Premium Content Partnership | HighBeam Research provides an in-depth online archive library of reference works.