Australia stocks retreat, with financials weak
Australia stocks just a little weak in early trade
The faltering Chinese real estate market is weighing on globally fungible commodities like iron ore, while improving developed-country construction markets aid regionally priced commodities like cement.
We don't see the recent share price declines for metals and mining producers as a buying opportunity on average.
A lot of companies are very well positioned regardless of how the fiscal cliff gets resolved, as long as it gets resolved, says Morningstar's Heather Brilliant.
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