Australian Stock Report - Market Pulse

Midday Market Analysis: Soft Aussie

marketpulse
Publish date: Mon, 16 Jan 2012, 01:43 PM
marketpulse
0 1,810
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 has tracked Friday night's weakness in international markets so far today, with the XJO currently down approximately 50 points (-1.1%), at 4150.

Most sectors are weaker, with materials and financials amongst the worst performers.

QBE is bucking the broader trend, currently 2.6% stronger, whilst Harvey Norman is also keeping its head above water and Leightons is holding strong towards the top of the 200 leaderboard, up more than 4% on a better profit outlook.

In economic news, employment prospects appear to be contracting with job ads falling for the first time in almost a year.

Job ads retreated 0.9% in December after a flat reading in the previous month. From a year earlier ads were down 2.6%, marking the first annual contraction since February 2010.

Around the region, Asian markets are all weaker; the Hang Seng is off 0.8%, whilst the Nikkei down 1.7%.

Click Here for FREE Trading Recommendations.

Midday Market Analysis: Soft Aussie is a post from: Australian Stock Report Market Pulse Blog

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment