MARKET TALK: S&P/ASX 200 Down 0.2% In Choppy Trading

9th Jun 2010 01:45

0045 GMT [Dow Jones] S&P/ASX 200 down 0.2% at 4375.1 having retreated to 4367.0 in choppy trading after briefly hitting 4390.0. Westpac (WBC.AU), Rio Tinto (RIO.AU) and Westfield (WDC.AU) weighing on the market, with falls of 0.8%-1.2%, while QBE (QBE.AU), CSL (CSL.AU) and Telstra (TLS.AU) are up 0.6%-1.5%. Paladin (PDN.AU) in focus after Uranium One sold its stake. Index rose 1.3% yesterday, anticipating S&P 500's 1.1% rise in reaction to Fed Chairman Bernanke's comments. "We had the Bernanke news in our time zone yesterday, so that was partly factored in," says Macquarie Private Wealth division director Martin Lakos. "I think it's going to be a quieter day in a smaller trading range." Westpac consumer sentiment index fell 5.7% in June from May, generating worst 2-month fall since March 2008. But the share market led the decline in consumer sentiment, so it's factored in. Focus now turns to housing finance data at 0130 GMT and RBA Governor Stevens speech at 0300 GMT. ([email protected]) Contact us in Singapore. 65 64154 140; [email protected] (END) Dow Jones Newswires June 08, 2010 20:45 ET (00:45 GMT)