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The local share market started the session flat but is now trading lower following Wall Street lead. If we take a look at the figures,the All Ords is down 26 points or about half percent.The ASX 200 offers a little more down 27 points.The Wall Street took a tumble after the European central bank failed to announce dramatic stimulative1 measures at its meeting overnight.The Down John lost 13 points to finish at 17,900.
Checking commodities,gold is shifting 1,204 US dollars an ounce,Tapis is down to US$71.40 a barrel.And the Australia dollar is down below the 84 US cents but currently buying 83.87 US cents.
Activity in the construction sector2 declined so sharply in November that's now in contraction3.The index compiled by the Australia industry group and the housing industry association adds it drop 8 points to the level of 45.4,so anything below the level of 50 indicates the sector is shrinking.The report says the decline is driven by a whole activity and new orders across all areas of the construction including housing and apartments.
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1 stimulative | |
n.刺激,促进因素adj.刺激的,激励的,促进的 | |
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2 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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3 contraction | |
n.缩略词,缩写式,害病 | |
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