Australian Stock Report - Market Pulse
Midday Market Commentary: Above Water
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Publish date: Mon, 19 Mar 2012, 01:34 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.
Midday Market Commentary: Above Water
The Aussie market is above water heading into the after lunch session with the XJO currently 20 points (+0.5%) above water, at 4300.
Most sectors are stronger with IT, healthcare and materials issues leading the move higher, whilst consumer staples, telcos and utilities are the laggards.
In company news, retailer David Jones has entered a trading halt this morning after The Australian Financial Review reported that the company expects a 50% slump in its credit cart earnings.
Around the region, Asian markets are mixed; the Hang Seng is up 0.2% whilst the Shanghai Composite is 0.2% weaker.
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Midday Market Commentary: Above Water is a post from: Australian Stock Report Market Pulse Blog
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