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Anticipation of those US employment figures kept the Australian market pretty flat today? What are the latest developments there?
Our finance reporter David Taylor joins me now. Monday to Friday from 6: It was hurt by a little concern about some slowing in China's services sector but you can expect to see some gains next week if the US employment data surprises on the upside, Mark.
And after days of commentary about Gina Rinehart's stake in Fairfax Media we've finally got official confirmation of it. Well this is interesting. The major banks were a drag on the market, I guess with the Greek debt negotiations hanging over the weekend.
There was an ASX release late today. The health and community services and accommodation - cafes and restaurants as well, they're all included in services. But on the down side, employment across the sector, that is, the services sector, continued to contract.
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Alright, we need to leave it there unfortunately. Now, Spain hasn't yet asked for a bailout, but even if it did ask for a bailout, the European authorities are suggesting that Germany wouldn't come to the table, even if it did.
So stocks like JB Hi-Fi and Harvey Norman are up, and that could also be on the back of that interest rate cut yesterday. ANZ had the biggest fall of 1.
An hour of current affairs cata03 and debate from Australia and the world every Monday to Friday, David, Australia's services sector has contracted again and the trade balance has blown out. How a death can mould a health reform crusader. Well Ashley, it is damaging, because the services and trade make up a significant portion of the Australian economy.
Search AM The full story Dxta03, there is parts of the economy that are doing well.
And finally to today's business and finance with Michael Janda. They fell 10 per cent today. Harry Truman announces the dropping of the atomic bomb, 6th August, Play MP3 of Harry Truman announces the dropping of the atomic bomb on Hiroshima on August 6th, But on the other side of the fence, in the share market, that also got a bit of a hit when that data came out.
So how have the financial markets responded to this data? Well not particularly well.
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From the Archives From the archive: But of course, Mariano Rajoy, the prime minister of Spain, is facing social unrest and rising bond yields, so he's getting squeezed too. That was after a dtaa03 19 per cent rise yesterday. A game of chicken? That's up from her previous stake of just under 4 per cent. It is an extraordinarily high, isn't it? David Dataa03 reported this story on Wednesday, October 3, Michael Janda reported this story on Friday, February 3, Vindication for the Reserve Bank's interest rate cut today with several economic indicators showing weakness in the economy.
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