Australian Stock Report - Market Pulse
Midday Market Analysis: Strong Start
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Publish date: Wed, 21 Dec 2011, 01:45 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 flying today with the local bulls running with the positive leads provided by European and US markets overnight.
The XJO is currently 85 points (+2%) to the good, trading around 4140.
Every sector is in positive territory, with materials and energy plays leading the charge after commodities bounced back strongly overnight.
In company news, St Barbara is up close to 9% after announcing a share buyback whilst even recently smashed up Billabong is enjoying a strong session, currently up more than 8%.
Around the region, Asian markets are all faring well; the Hang Seng is 1.7% stronger whilst the Nikkei is up 1.4%.
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