Australian Business News: 12 November 2013

Market Update: 12 November 2013

Global markets mixed amid low trading volumes on Wall Street

The Dow Jones Industrial Average modestly extended its five-week rally adding 21 points to close at 15,783, a new record high.

The S&P 500 was unchanged closing at 1,771.

Proportion of first home buyers entering Australia's property market hits a record low, as risky lending rises

The bureau's data show the proportion of first home buyers dipped to 12.5 per cent in September, the lowest level since it started collecting the figures in July 1991 - the previous low was 12.8 per cent in March 2004.

$A lower against strong greenback

A SURPRISINGLY strong US jobs report continues to weigh on the Australian dollar in the absence of any other significant economic data.

Australian market set for gains

THE Australian market looks set to open higher following gains on international markets as dealers digest positive data from the US and China

Ref: www.abc.net.au and www.news.com.au