Market Commentary - Foreign Markets
Australian markets end marginally lower As on : 24-Jul-24  17:19

Australian markets ended a choppy session marginally lower, dragged down by property developers and energy stocks.

Australia's S&P/ASX 200 edged 0.1% lower to 7,963.70 after its services sector saw weaker growth in July. Manufacturing improved slightly but remained in contractionary territory.

The manufacturing sector in Australia continued to contract in July, albeit at a slower rate, the latest survey from Judo Bank revealed on Wednesday with a manufacturing PMI score of 47.4.

The report also showed that the services PMI dipped to 50.8 from 51.2 in June.

The composite index fell to 50.2 from 50.7 in June.

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