Australian Stock Report - Market Pulse
Evening Market Analysis: October 12
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Publish date: Wed, 12 Oct 2011, 04:57 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 snapped a five session winning streak today, weighed down by lingering eurozone debt concerns and a disappointing start to the US earnings season.
Resource stocks led the session's declines, with BHP and Rio Tinto dropping 0.8% each.
The big four were mostly lower with the exception of Commonwealth Bank, which rose 0.4% on the back of a broker upgrade.
JB Hifi was among the top performing retailers (+3.5%) despite a subdued 1Q12 trading update.
The ASX 200 shed 23 points (-0.6%), settling at 4204.
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