Australian Stock Report - Market Pulse
Midday Market Analysis: Soft into RBA
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Publish date: Tue, 06 Dec 2011, 01:34 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 underwater so far today despite the bullish leads provided by Wall Street overnight.
The early morning move by S&P to place the entire euro region on credit watch likely spooked investors, who are also cautiously awaiting this afternoon's RBA interest rate decision.
Nearly every sector is underwater, with industrials and materials the hardest hit, whilst defensive telcos are the only sector in the green.
Around the region, Asian markets are all trading lower; the Hang Seng is down 1% whilst the Nikkei is 0.8% weaker.
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