WebMail
My BigPond
The Australian stock market is expected to open little changed today after a subdued session on Wall Street that was dominated by profit-taking as brokers eyed figures showing consumer spending remains weak.
US shares ended mixed on Friday as the data from the US Commerce Department showed consumer spending rose by a modest 0.3 per cent in May.
On Friday, the Australian benchmark SP/ASX200 index rose 47.8 points, or 1.24 per cent, to 3,903.8 points, while the broader All Ordinaries index lifted 48 points, or 1.25 per cent, to 3,899.5 points.
There's little financial market news on the agenda for this week, as investors prepare for the end of the 2008/09 financial year on Tuesday, June 30.
Investors are continuing to look for evidence the domestic economy may be about to turn a corner.
As a result Reserve Bank of Australia private sector credit numbers for May due tomorrow and Australian Bureau of Statistics retails sales and building approvals figures for May due on Wednesday will be closely watched for clues to the appetite of consumers for new borrowing and consumption.
