Australian Stock Report - Market Pulse
Midday Market Analysis: October 6
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Publish date: Thu, 06 Oct 2011, 01:24 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 trading more than 100 points (2.8%) to the upside.
Strong leads from international markets have provided the positive impetus, with every sector in the green.
Financials are leading the way with CBA (+3%), NAB (+4.7%), WBC (+4%) and ANZ (+3.6%) all enjoying very strong gains.
In company news, Centro Properties is up 50% today after Centro Retail Trust's board commented that the aggregation of the group's, including the purchase CNP, is in the best interests of shareholders.
Around the region, Asian markets are trading higher; the Hang Seng is up 4.6% and the Nikkei is up 1.8%.
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