Aussie share market trading lower after US election

THE Australian share market is trading lower as investors ponder how the United States will deal with its so-called 'fiscal cliff' in the wake of the re-election of President Barack Obama.

At 1200 AEDT on Friday, the benchmark S&P/ASX200 index was down 32.3 points, or 0.72 per cent, at 4,451.5 points, while the broader All Ordinaries index had fallen 29.9 points, or 0.66 per cent, to 4,472.3 points.

On the ASX 24, the December share price index futures contract was 20 points lower at 4,466 points, on volume of 15,851 contracts.

IG Markets market analyst Cameron Peacock said the local market on Friday had followed US markets downwards, but about half of the fall could be attributed to the National Australia Bank and Westpac trading ex-dividend.

"The rest is the fear of the 'fiscal cliff' negotiations (in the US)," Mr Peacock said.



Topics:  barack obama investors us election 2016

Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Next generation of yogis learn in the Lockyer

TUNING IN: Sarah Weber runs her kids yoga class once a week, each term from her Cura Life Studio in Gatton.

Yoga teacher Sarah Weber shares the benefits of starting yoga early.

All's Wells for Madi after third national silver medal

RISING STAR: Lockyer District Athletic Club's Madison Wells celebrates her latest silver medal success with mum Sharyn and dad Lee in Melbourne.

Madison Wells won silver at the Australian Multi-events titles.

Bid on hot cross buns to help raise funds

GOING HOT: The Old Fernvale Bakery aim to raise $40,000 for the Lady Cilento Childrens Hospital by donating $1 from every pack of hot cross buns sold. Pictured here are Lyn and Bill Rose with the latest hot cross bun creation, cranberry, pistachio and white chocolate.

Help the Old Fernvale bakery get over the line.

Local Partners