Australian Stock Report - Market Pulse
Midday Market Analysis: September 16
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Publish date: Fri, 16 Sep 2011, 02:04 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 flying today, with the XJO currently up more than 2%.
Every sector is in positive territory with the energy, financial and materials plays leading the charge.
In company news, Platinum Australia is being belted due to further problems at its Smokey Hills mine.
The stock is down more than 11% on news that local communities in South Africa have blocked a key access road to the mine.
Around the region, Asian markets are all trading higher; the Hang Seng is up 2.3% whilst the Nikkei is 1.7% stronger.
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