Reuters: Hot Stocks: Australia stocks flat; David Jones shares slip

Reuters: Hot Stocks Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Australia stocks flat; David Jones shares slip Nov 20th 2012, 23:21 MELBOURNE | Tue Nov 20, 2012 6:21pm EST MELBOURNE Nov 21 (Reuters) - Australian shares halted their two-day rally on Wednesday, trading nearly flat as risk aversion heightened after Federal Reserve Chairman Ben Bernanke repeated a warning that failure to resolve the U.S. budget impasse could lead to recession. The benchmark S&P/ASX 200 index was down less than one point at 4,385.1 by 2316 GMT. It rose 0.6 percent on both Tuesday and Monday. New Zealand's benchmark NZX 50 index added 2.6 points to 3,975.6. Wall Street halted this week's rally after Bernanke said the central bank lacked tools to cushion the U.S. economy from the impact of the "fiscal cliff." Copper prices also dipped after a downgrade of France's credit rating revived demand concerns. Department store David Jones Ltd slipped 0.4 percent to A$2.56 after it reported a 0.3 percent rise in first-quarter sales, missing analyst forecasts for a 0.7 percent rise. (Reporting by Miranda Maxwell; Editing by Chris Gallagher)

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions