Australian Stock Report - Market Pulse
Midday Market Analysis: October 13
marketpulse
Publish date: Thu, 13 Oct 2011, 01:08 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.
After a healthy start the Aussie market has pulled back quite sharply so far this morning, with the XJO peeling off a high of 4256 to currently be trading near 4220.
The sectors are fairly evenly balanced with materials and industrial plays leading the way, whilst IT and consumer staples issues are struggling.
In company news, Iluka is up more than 5% after delivering strong quarterly results and reaffirming their FY12 guidance.
In economic news, the unemployment rate fell from a 10-month high to 5.2% in September.
Total employment rose by 20,400, against an expected increase of 10,000 and an unchanged jobless rate of 5.3%.
Around the region, Asian markets are mixed; the Hang Seng and Nikkei are up approximately 1% each, whilst the Shanghai Composite is down 0.4%.
More articles on Australian Stock Report - Market Pulse
Discussions
Be the first to like this. Showing 0 of 0 comments
Post a Comment
Apps
Top Articles
1
2
#
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....
