Australian Stock Report - Market Pulse
Evening Market Analysis: August 12
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Publish date: Fri, 12 Aug 2011, 04:31 PM
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Welcome to MarketPulse, the Australian Stock Report's financial market blog. In the MarketPulse blog we aim to provide frequent updates on current events across the financial markets, including market wraps, articles in the news, opinions, reviews, financial education and finally our top tip of the week. The blog is published by the Australian Stock Report research and report editing team together with our very own "Passionate Trader", Carl Capolingua.
The Aussie market strengthened today, ending a tumultuous week in which the US economy concerns and Europe's debt crisis dominated investor sentiment.
The two mining giants both ended the session higher; BHP put on 0.7% and Rio Tinto strengthened 1.6%.
Most of big four came off their earlier highs; ANZ lost 0.9% and CBA finished flat.
Newscorp was a star performer among the media stocks (+6.2%) following its strong 4Q profit result.
The ASX 200 climbed 32 points (+0.8%), settling at 4173. Despite the massive swings, the market actually rose 1.6% for the week.
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