Australian Stock Report - Market Pulse
Midday Market Analysis: Holding Up
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Publish date: Tue, 08 Nov 2011, 01:30 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 modestly higher so far today with the XJO currently 0.3% above water.
Most sectors are in positive territory with healthcare and financials the best in show.
In economic news, Australia's trade surplus narrowed in September, from $2.95 billion to $2.56 billion as export prices slipped.
Although expectation was for a $3billion surplus, the data shows that the mining boom remains strong - at least for the time being.
The recent fall in commodity prices, particularly iron ore, could see that surplus narrow more sharply in coming months.
Around the region, Asian markets are mixed; the Shanghai Composite and Nikkei are slightly weaker, whilst the Hang Seng is up 0.7%.
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