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As on : 12-Nov-2024
Market Commentary - Foreign Markets
12-Nov-2024     16:20

Australian markets ended slightly lower

Australian markets ended slightly lower, dragged down by mining and energy stocks as stimulus efforts in China failed to meet expectations.

The benchmark S&P/ASX 200 slid 0.13 percent to 8,255.60 while the broader All Ordinaries index finished marginally lower at 8,515.20.

Australia's business confidence strengthened notably in October on improvements across all industries except construction and retail, survey data from NAB showed on Tuesday.

The business confidence index rose to +5 from -2 in September. At the same time, the business conditions index was unchanged at 7 in October.

Trading conditions edged up one point to +13, while profitability was flat at 5 points. Meanwhile, the employment index slid to +3 points.

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