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December 16, 2014

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Australian stocks slightly lower

Australian stocks slightly Cheap Pandora Beads lower

Australian stocks are slightly lower as worry about the political deadlock in the us continues to weigh on investors.

Stock markets throughout the globe have been in decline for most of the past couple of weeks due to the standoff between republicans and democrats in congress.

The federal government has partially shut down after the congress failed to pass a budget and the two sides face an even more significant battle over the country's debt ceiling.

If congress does not Pandora Charms for Mom agree to boost the debt ceiling by october 17, the country faces the candidate of defaulting on its debt, which commonly be disastrous for global markets.

Cmc markets chief market analyst ric spooner said the political deadlock would continue to dominate markets until a partnership was reached.

'Basically, So is that as every day goes by Cheap Pandora Bracelets the stakes get higher and that's the way the market is reacting, ' he explained.

Mr spooner said the weakness was spread across the majority of the local market on tuesday, though resources stocks were higher thanks to a rather strong performance from commodity markets overnight.

Global miner bhp billiton was 30 cents elevated at $34.98, While Rio Tinto had achieved22 cents to $60.22.

Among the most important banks, anz was goose downwads 6.5 pennies at $30.39, While Westpac had slipped 10 cents to $32.13, And National aussie Bank had lost 14 cents to $34.26.

Earth bank bucked the trend, moving 37 cents higher http://www.iamclaudia.com.au/ to $71.12.

Shares in sims metal treatment were down 13 cents to $9.52 after the company named former Harsco Corporation executive Galdino Claro as its new leader.