Australian Stock Report - Market Pulse
Midday Market Analysis: Rough Morning
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Publish date: Thu, 15 Dec 2011, 01:56 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 is market is enduring a hefty selloff so far today, with the XJO currently down 70 points (-1.6%), at 4120.
All but one sector is underwater, with materials and energy plays the hardest hit after commodities were sold off heavily overnight.
The Big Australian, BHP, is down 2.4%, whilst rivals Rio Tinto and Fortescue are off 3.2% and 3.8% respectively.
Of the better performing stocks on the day, Ten Network is up more than 5% whilst Resmed is close to 3% stronger.
Around the region, Asian markets are all weaker; the Hang Seng is down 1.8% whilst the Nikkei is off 1.2%.
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