Australian Stock Report - Market Pulse
Midday Market Analysis: Defiant Aussie
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Publish date: Fri, 23 Mar 2012, 02:03 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 Analysis: Defiant Aussie
In light of the poor leads provided by international markets last evening, the Aussie market is showing plenty of pluck once again today.
The XJO is down just 10 points (-0.2%), currently trading around 4265 off a low of 4238.
The sectors are fairly evenly balanced between winners and losers with healthcare, telcos and financials the leaders, whilst materials, consumer discretionary and industrial plays are the weakest links.
In company news, QR National said that it may miss its full-year earnings guidance by 6.6%, due to strike action at mines and QLD's wet weather.
Around the region, Asian markets are mainly weaker; the Hang Seng is down 1.2% whilst the Nikkei 1.1%
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