Australian Stock Report - Market Pulse
Evening Market Analysis: October 6
marketpulse
Publish date: Thu, 06 Oct 2011, 05:08 PM
marketpulse
0 1,810
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.
Easing concerns over Europe's debt crisis fuelled a massive rally on the Aussie market today.
Stocks logged their biggest gain in almost three years after European officials pressed ahead with plans to recapitalise the region's troubled lenders.
Financials were the session's biggest gainers, with all four big banks rising more than 4%; NAB was the standout, up 5%.
Mining stocks strengthened amid rebounding commodity prices. BHP climbed 3.1% and Rio Tinto added 4.9%.
Energy stocks firmed on the back of last night's surge in crude oil. Woodside advanced 4.7% whilst Paladin flew 16.2%.
The ASX 200 soared 143 points (+3.7%), settling at 4070.
More articles on Australian Stock Report - Market Pulse
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Latest Videos
Apps
Top Articles
1
2
CEO Morning Brief
Alibaba Aims to Raise US$5b in Dual Currency Bond Deal — Reuters
#
Stock
Score
Daily Stocks
Stock
Last
Change
Volume
Ride The Bull Short The Bear
CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
