Critical.
Authoritative.
Strategic.
Subscribe to CIO Magazine »

ASX weaker due to Greece and Portugal

The Australian share market is set for a significantly weaker opening after Wall Street and European markets plunged due to worsening debt problems in Greece and Portugal.

At 0712 AEST on the Sydney Futures Exchange, the June share price index contract was 90 points lower at 4,794 points.

In economic news on Wednesday, the Australian Bureau of Statistics releases the consumer price index for the March quarter.

Reserve Bank of Australia (RBA) assistant governor Guy Debelle is scheduled to deliver a speech at a Mortgage & Finance Association of Australia breakfast seminar.

In companies news, Aristocrat Leisure holds its annual general meeting.

Commonwealth Bank of Australia chief executive Ralph Norris will address an American Chamber of Commerce in Australia luncheon about the changing landscape of Australian banking.

On Tuesday, the Australian sharemarket closed flat after a quiet session tempered by weaker bank stocks, as stronger than expected wholesale inflation raised expectations of a May interest rate rise.

The benchmark S&P/ASX200 index was 1.5 points lower, by 0.03 per cent, at 4,880 points, while the broader All Ordinaries index backtracked 0.2 point, or zero per cent, to 4,913.3 points.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

More about: Aristocrat, Australian Bureau of Statistics, Commonwealth Bank, RBA, Reserve Bank of Australia, Sydney Futures Exchange, Wall Street

Comments

Post new comment

The content of this field is kept private and will not be shown publicly.
Users posting comments agree to the CIO comments policy.
Login or register to link comments to your user profile, or you may also post a comment without being logged in.
Related Coverage
Related Whitepapers
Latest Stories
Community Comments
Tags: Australian Bureau of Statistics (ABS), Commonwealth Bank of Australia chief executive Ralph Norris, Reserve Bank of Australia (RBA)
Latest Blog Posts
Whitepapers
  • Using Application Control to Reduce Risk with Endpoint Security
    Unwanted applications, like games, result in productivity loss. This is often the primary consideration when applying application control. But unauthorized applications also increase your company’s risks of malware infection and data loss. This paper details how endpoint security solutions that incorporate application control provide the most efficient, comprehensive defense against unauthorized applications.
    Learn more »
  • Securing Vital Infrastructure
    A unified approach to information security can help modern vital infrastructure providers deal with evolving IT threats without compromising on communications or the demands of an increasingly mobile workforce. Flexible policies, combined with quality inbound threat detection, deep content inspection and encryption capabilities can help organisations to mitigate the risks – not just from outside the organisation, but also within it. Read this whitepaper.
    Learn more »
  • SOA Adoption for Dummies
    This book describes our approach to SOA adoption, which we call SOA rocket science. SOA adoption, like a real-world rocket, experiences a danger zone between blast-off and the weightlessness of orbit. When fully realized, SOA can transform your business. But until firmly established, your SOA dreams can plummet back to earth.
    Learn more »
All whitepapers
rhs_login_lockGet exclusive access to Invitation only events CIO, reports & analysis.
Recent comments