Australian Stock Report - Market Pulse
Midday Market Analysis: September 20
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Publish date: Tue, 20 Sep 2011, 01:41 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 struggling so far today, weighed down by the soft leads provided by international markets last night.
The XJO is currently off 1.2%, with most sectors in the red; materials and financials are the hardest hit, whilst consumer staples and healthcare are providing support.
In company news, Qantas is underperforming the market with the stock trading down 2% on the back of the latest strike related flight cancellations.
Around the region, Asian markets are all trading lower; the Hang Seng is down 0.8%, whilst the Nikkei is down 1.4%.
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