Australian Stock Report - Market Pulse
Midday Market Analysis: Bulls Run Hard
marketpulse
Publish date: Fri, 04 Nov 2011, 01:37 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 sharply higher heading into the afternoon session, with the local bulls running with the positive leads provided by international markets overnight.
The XJO is currently 95 points (+2.3%) stronger, with every sector firmly in the green.
Materials stocks are the star performers, with BHP (+3.5%), RIO (+4.5%) and FMG (+6%) the standouts within the sector.
In company news, Transfield Services (TSE) is up 3% following confirmation of a $130 million defence work contract.
Around the region, Asian markets are all trading solidly higher.
The Hang Seng is the strongest performer, currently up 3%.
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