Jun 24, 2014

Morning Market Report

A busy day on the markets, with big announcements from Woolworths Australia and Woolworths South Africa.

The market is down 21 points.

The Dow Jones was down 10 points at 16,937 — The market closed slightly lower after six consecutive days of gains. It was a quiet day of trading with little economic news apart from existing home sales which rose 4.9% to an annualised rate of 4.89 million versus the 4.80 million expected. Energy, Financials and Technology were the best performing sectors and Consumer Staples and Industrials lagged. Volume was a little below average and the market traded in a 58 point range.

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