Australian Market Report of August 11, 2010

  Sydney, Australia, Aug 11, 2010 - (ABN Newswire) - The Australian stock market opened lower on Wednesday after US stocks dropped and oil and metals prices slipped overnight. In early trade, the S & amp;P/ASX200 index fell 0.8 per cent, to 4505 points and the All Ordinaries dropped 0.7 per cent, to 4530.In economics news, the Business Confidence Index for July, released by National Australia Bank (ASX:NAB), fell to the lowest level in 14 months.  

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