Australian Market Broke 6-Days' Losing Streak

• Australian market broke six-days' losing streak after a negative opening and investors are trading cautiously as US Federal Reserve might cut the stimulus pack in next week. If we take a look at morning session, the benchmark S&P/ASX 200 index slipped 4.3 points, or 0.1 per cent, to 5058.2, while the broader All Ordinaries opened by 5.4 points down, or 0.1 per cent, at 5063.8.

• Gains in the materials sector, up 0.2 per cent, are being offset by losses in financials, down 0.1 per cent and in consumer discretionary, down 0.2 per cent.

• Australian dollar hasn't made much of recovery from its overnight slump of 89.27 US cents. Presently, the local currency is trading at 89.40 US cents.

• Here's a quick look at regional markets as most of them are trading lower as US economic data improved a bit. 

• Japan (Nikkei): -0.4%
• Hong Kong: -0.6%
• Taiwan: +0.2%
• Korea: -1%
• ASX 200: +0.05%
• Singapore: -0.4%
• New Zealand: -0.5%

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