Australian Stock Report - Market Pulse
Midday Market Analysis: October 14
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Publish date: Fri, 14 Oct 2011, 01:28 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, with the XJO currently 40 points (-1%) underwater.
Every sector is negative territory with materials and energy plays the hardest hit.
In economic news, China's inflation figures came in as expected and the market seems to have reacted positively.
With the numbers in line with expectations, traders are betting that the People's Bank of China will not have to take any further immediate action to curb growth in the economy.
Around the region, Asian markets are trading lower; the Hang Seng is down 1.3% whilst the Nikkei is down 0.7%.
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Midday Market Analysis: October 14 is a post from: Australian Stock Report Market Pulse Blog
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