Australian Stock Report - Market Pulse
Midday Market Analysis: September 2
marketpulse
Publish date: Fri, 02 Sep 2011, 02:00 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 is suffering heavy falls so far today, with the XJO currently down 1.7%.
Every sector is underwater, with utilities, healthcare and consumer discretionary stocks the hardest hit.
In company news, Qantas shares are bucking the market trend with the national carrier currently more than 1% higher after reporting a 6.2% increase in passenger numbers in July.
Around the region, Asian markets are all weaker; the Hang Seng and Nikkei are down 1.1%, whilst the Shanghai Composite is down 0.9%.
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