ROS THE BIGGEST REACTION HAS COME FROM THE AUSTRALIAN DOLLAR..

IT'S DROPPED MORE THAN HALF A CENT AGAINST THE GREENBACK SINCE THE RELEASE OF THE DATA -

ITS BUYING ....92

THE AUSTRALIAN SHAREMARKET HAS BEEN TRADING FLAT FOR MOST OF THE DAY.

THE ALL ORDINARIES IS STRUGGLING TO MAKE HEADWAY

ACROSS THE REGION

JAPAN'S NIKK-AY HAS RETURNED SOME OF ITS RECENT GAINS

IT WAS A MIXED FINISH TO TRADE IN THE UNITED STATES,

THE DOW JONES INDUSTRIAL AVERAGE ROSE FOR A SEVENTH STRAIGHT SESSION,

BUT TECHNOLOGY STOCKS LIKE APPLE LOST VALUE.

THE DEPARTMENT STORE RETAILER, MYER, SAYS WEAK CONSUMER CONFIDENCE AND TOUGH TRADING CONDITIONS ARE TO BLAME

IN THE YEAR TO THE END OF JULY, MYER MADE 127 MILLION DOLLARS.

THAT'S DOWN ALMOST NINE PER CENT ON THE YEAR BEFORE.

MYER'S SAYS WHILE CONSUMERS ARE LIKELY TO WELCOME THE CLEAR FEDERAL ELECTION RESULT, THERE ARE STILL SOME ISSUES THAT MAY HOLD THEM BACK.

SHAREHOLDERS WILL GET A FINAL DIVIDEND OF EIGHT CENTS PER SHARE.

 

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