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Good morning everyone. Well, it's been a bleak1 end to 2015 financial year on the Australian Stock Exchange. As the financial year ended yesterday, the ASX200 was 1.2% above what it was at the start of July 2014. But that's still one of the worst performances in recent years. While the ongoing2 anxiety over the Greek debt crisis has not helped. Market has also been hit by what has been a dying year for Australia's mining and energy stocks.
An US special appears court has ruled that Apple conspired3 to fix the prices of electronic books along with publishers. In a majority vote the court said Apple broke anti-trust laws when it entered the e-book market that was then dominated by Amazon. Several publishers such as H/P/A & S were also involved in the conspiracy4. The US Justice Department said the price collusion led the prices of some e-books rosed by up to $5.
To the global markets, and those worries about Greece are having a bit of mixed response on the global markets. Wall Street posted its modest gains. The Dow ended 23 points higher, the NASDAQ gain 28 points while the S&P500 was up 0.3%. But in London the FTSE hit its lowest level since the start of the year, falling 1.5%.
Checking commodity prices. West Texas crude is trading at 59 US dollars a barrel. Tapis crude is at 63 US dollars a barrel and gold is trading at 1172 US dollars an ounce. The Australian dollars is currently buying 77 US cents, 69 euro cents and 49 pence sterling5.
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1 bleak | |
adj.(天气)阴冷的;凄凉的;暗淡的 | |
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2 ongoing | |
adj.进行中的,前进的 | |
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3 conspired | |
密谋( conspire的过去式和过去分词 ); 搞阴谋; (事件等)巧合; 共同导致 | |
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4 conspiracy | |
n.阴谋,密谋,共谋 | |
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5 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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