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Australian Market Report of October 2: Investors Lose Nerve

🕔10/2/2009 1:00:41 PM 18147

Overnight the Dow index and S&P's 500 index posted their biggest falls in three months as the worse-than-expected manufacturing activity data in September and new jobless claims led to a broad sell-off. These figures overshadowed improvements in pending home sales, personal spending and construction spending, and dampened investors confidence on the economy recovery.

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Australia Market Report of October 1: The Market Needs a Catalyst

🕔10/1/2009 1:00:48 PM 16787

Overnight the US stocks slid over disappointing data in regional economy, as well as worries on the crucial data ahead including personal income, consumer spending, weekly jobless claims, manufacturing and home sales.

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