Australian Market Report of October 8: Good Start for US Earnings Season

  Sydney, Australia, Oct 8, 2009 - (ABN Newswire) - Wall Street closed flat yesterday after the market rallied for two days. Traders turned cautious before the third quarter earnings kick off. Alcoa (NYSE:AA), the first company to unveil its earnings, posted a better-than-expected result with third quarter net income of US & #36;77 million, after three consecutive quarters of losses.  

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