Talk about market stops day with a whimper

The Australian talk about industry pulled back again late in the session after seeing solid gains by way of the day amid fears that Portugal will need to have a 2nd bailout.

Reports recommend that Portugal will not be able to refinance billions of bucks in debt subsequent yr, erasing before optimism that Greece's authorities was shut to completing talks with private cheap Saints Jerseys collectors on refinancing its credit card debt.

Greece need to protected a offer so that it can pay back again 14.5 billion euros in maturing bonds in March.

The ASX two hundred index closed flat at four,224 and the All Ordinaries Index missing 1 point to end at four,286.

Falls in BHP Billiton dragged on the mining sector it shed .4 per cent to $37.08 by the shut, although rival Rio Tinto managed a gain of .7 per cent to attain $68.35.

Fortescue Metals also completed lower, off 1.six per cent.

Elsewhere in the sector, gold miner Newcrest Mining explained its output in the December quarter was hit by poor climate at its mines in Papua New Guinea and New South cheap Colts Jerseys Wales.

Whole gold and silver output fell 20 per cent in the quarter from the exact same time in 2010.

Newcrest shares ended two per cent greater on $32.84.

Papua New Guinea-targeted Oil Research posted a 26 per cent boost in yearly earnings and forecast steady creation in 2012. Its shares jumped 2.7 for each cent.

Uranium miners also done strongly Paladin Vitality extra one.4 for each cent and scaled-down producer Toro Power jumped far more than 10 per cent.

Nationwide Australia Standard bank was the worst of the key banks, off .6 per cent to $23.seventy two by the shut, and Westpac fared the finest, gaining .6 per cent to cheap Saints Jerseys complete at $twenty.58.

Market place heavyweight Telstra rose .three per cent to complete at $3.33.

The Australian dollar has dipped versus the greenback and at 5:05pm (AEDT) was acquiring 105 US cents, eighty.9 Japanese yen, 80.seven euro cents, 67.5 British pence and $NZ1.thirty.

Tapis crude oil shut larger at $US121.56 a barrel in Singapore right away and West Texas Crude was worth $US98.46 a barrel.

Spot gold eased a bit through the day and was getting $US1,675.fifty an ounce.report=2012-02-02data






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