Australian Market Report of February 16: Cautious ahead of EU Meeting

  Sydney, Australia, Feb 16, 2010 - (ABN Newswire) - Australian shares dropped on Monday as investors were nervous ahead of the EU meeting over Greek debt. Trading was quiet in local market while most Asian bourses were closed for Lunar New Year on Monday, Wall Street also closed because of a public holiday. At the close, the benchmark S & amp;P/ASX200 index fell 16.6 points, or 0.4 per cent, at 4545.5, while the broader All Ordinaries index shed 18.  

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