Australian Stock Report - Market Pulse
Midday Market Analysis: Defiant Aussie
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Publish date: Wed, 28 Mar 2012, 03:12 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
The Aussie market is firmer so far today, defying the bearish leads provided by international markets last night.
The XJO is currently 25 points (+0.6%) stronger, at 4325.
The gains are fairly widespread with most sectors in the green; healthcare, consumer staples and telcos are leading the charge.
Conversely, utilities and energy issues are the weakest links.
In company news, Brambles announced that it expects to get an outcome for the sale of its Recall document-management business within four-to eight weeks.
The company had previously said it expected an outcome by the end of March.
Elsewhere, Bank of Queensland is up 2.5% after successfully completing the institutional component of its capital raising.
Around the region, Asian markets are all weaker; the Hang Seng is off 0.6% whilst the Nikkei is down 1.1%
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