Australian Stock Report - Market Pulse
Midday Market Analysis: August 16
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Publish date: Tue, 16 Aug 2011, 01:34 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 has experienced a fairly wild ride so far today.
The index fell sharply just after the open, despite the positive leads overnight, only to recover to currently be trading just under water.
The sectors are fairly evenly balanced, with consumer discretionary and utilities stocks the best performers whilst financials and materials struggle.
In company news, Qantas has announced a new international strategy including cutting some routes and setting up a new premium subsidiary in Asia.
The stock has reacted positive, currently trading more than 2% higher on the day.
Around the region, Asian markets are mainly stronger; the Hang Seng is up 0.6% and the Nikkei is up 0.3%.
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Midday Market Analysis: August 16 is a post from: Australian Stock Report Market Pulse Blog
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