Australian Stock Report - Market Pulse
Evening Market Analysis: Greece Concerns Weigh
marketpulse
Publish date: Thu, 03 Nov 2011, 05:08 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 did not follow the positive lead provided by international markets, with concern still remaining over the Greek debt issue.
European leaders have warned Greece that they must agree to the terms of the bailout before they receive another cent.
Among the major banks, ANZ suffered a 2% fall after its full year cash profit missed expectations. Rival CBA fell 0.4% on the day.
There was little movement among the big miners, with BHP finished flat and Rio rising a modest 0.1%.
Bluescope Steel was the market's biggest loser, slumping 7.7% for the day.
News Corp's 1Q12 results beat market expectations and helped its share price rise 4.2%.
The ASX 200 fell 13 points (-0.3%) to 4172.
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