Australian Market is Continuing its Losing Run

• The Australia market has continued its losing run this week with the benchmark S&P/ASX 200 slipped 23.4 points, or 0.4 per cent, to 5256.1. The broader All Ordinaries also fell 23.9 points, or 0.5 per cent, to 5249.6.

• Mining share took a great fall today and here's how all sectors performed today:

• Materials: -1.4%
• Gold miners: -7.1%
• Consumer staples: -0.6%
• Financials: -0.3%
• Telecommunications: -0.5%
• IT: -0.6%

• The local currency (AUD) appreciated against its US counterpart after RBA's statement of keeping the interest rates unchanged. Presently, it is trading at 90.70 US cents.

• The RBA's stand of not changing the interest rates will affect certain sectors noticeably the housing and equity markets and as per market experts, these markets will strengthened further.

http://www.capitalvia.com/au/