Australian Stock Report - Market Pulse
Midday Market Analysis: September 13
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Publish date: Tue, 13 Sep 2011, 01:33 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 in positive territory heading into the afternoon session, with the XJO up 0.6%.
Most sectors are in positive territory with energy, IT and utilities stocks leading the way.
In economic news, confidence among Australian businesses nosedived in August amid tumbling equity markets.
The NAB index of business confidence sank 10 points last month, to -8 from 2 in July - the lowest level since April 2009.
Around the region, Asian markets are mixed; the Shanghai Composite is down 1.5% whilst the Nikkei is up 0.3%.
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