Australian Stock Report - Market Pulse
Midday Market Analysis: Quiet Morning
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Publish date: Fri, 03 Feb 2012, 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 market is slightly underwater heading into the afternoon session, currently eight points underwater at 4260.
The sectors are fairly evenly balanced with industrials, IT and energy plays the best, whilst consumer staples, utilities and healthcare struggling.
There isn't a great deal of important company news affecting the market, although Lynas is 7% weaker with traders seemingly taking some profit off the table after yesterday's strong move higher.
Around the region, Asian markets slightly weaker; the Hang Seng and Nikkei are off 0.2% each.
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