Australian Stock Report - Market Pulse

Evening Market Analysis: Aussie Shares Struggle

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Publish date: Mon, 16 Jan 2012, 05:19 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.

Australian shares lost ground today, following on from a poor performance on the major international indices on Friday night.

Weighing on sentiment was a stream of bad news, ranging from S&P's eurozone credit downgrade to poor domestic job ads data.

Losses among the big four helped drag the local market lower; ANZ dropped 1.6% whilst WBC declined 1.5%.

The major miners fell amid weaker commodity prices; BHP descended 1.7% while rival Rio Tinto depreciated 0.5%.

However Leighton Holdings bucked the trend (+4.4%) after lifted its 1H12 profit guidance from the previous $250 million, to $270 million.

The ASX 200 let go of 49 points (-1.2%), settling at 4147.

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Evening Market Analysis: Aussie Shares Struggle is a post from: Australian Stock Report Market Pulse Blog

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