Australian Stock Report - Market Pulse
Evening Market Analysis: October 14
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Publish date: Fri, 14 Oct 2011, 05:13 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 rounded out the week on a negative note, weighed down by a disappointing offshore lead and concerns over runaway inflation in China.
The mining giants were both weaker with BHP giving up 2.1% and Rio Tinto losing 1.5%.
Virgin Blue had another stellar day (+6.2%) on the back Qantas' industrial action woes.
All of the big four banks ended lower; Westpac slipped 0.6% and ANZ backtracked 0.5%.
The ASX 200 fell 39 points (-0.9%), closing at 4206. Today's loss pared the market's weekly advance to just 1%.
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Evening Market Analysis: October 14 is a post from: Australian Stock Report Market Pulse Blog
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