Australian Stock Report - Market Pulse

Midday Market Analysis: Little Aussie Battler

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Publish date: Thu, 19 Apr 2012, 04:25 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: Little Aussie Battler

Despite soft leads from international markets last night, the Aussie market is faring well so far today.

The gains have come following news that China will increase liquidity via open market operations and cut banks’ required reserves to steer the economy towards a soft landing.

Most sectors are stronger, with consumer staples, healthcare and materials the best performers, whilst IT and utilities are the hardest hit.

In company news Santos is up 0.7% after reporting first-quarter revenue of $754 million a 50% jump compared to the prior corresponding period.

Fellow energy major Woodside has climbed 1.2% after it revealed revenue of US$1.2 billion, a 20% rise on the previous corresponding year.

Around the region, Asian markets are mixed; Hong Kong is up 0.3% whilst the Shanghai Composite is down 0.1% and the Nikkei is off 0.6%.

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Midday Market Analysis: Little Aussie Battler is a post from: Australian Stock Report Market Pulse Blog

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