Australian Stock Report - Market Pulse
Midday Market Analysis: October 19
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Publish date: Wed, 19 Oct 2011, 01:33 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 above water heading into the afternoon session, with the XJO currently 0.5% stronger on the day.
Most sectors are stronger, with IT and consumer discretionary plays amongst the best, whilst energy and materials are struggling.
In company news, BHP released its September quarterly report today in which Pilbara iron ore shipments rose to a record annualised rate of 173 million tonnes – the expectation was for a rate of 165 million tonnes.
In other news, CSL has announced plans to buy back up to $900 million of its shares whilst at the same time reaffirming its earlier profit guidance.
Around the region, Asian markets are all trading higher; the Hang Seng is up 1.1%, whilst the Nikkei is 0.6% stronger.
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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....
