Australian Stock Report - Market Pulse
Midday Market Commentary: Aussie Lower
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Publish date: Fri, 04 May 2012, 05:19 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: Aussie Lower
The Aussie market is underwater so far today with the local bulls running with the bearish leads provided by international markets overnight.
The XJO is currently holding around 4400, 30 points (-0.6%) underwater.
The losses are fairly widespread, with most sectors in the red; energy, industrials and materials are the hardest hit, whilst defensive IT, telcos and consumer staples are the best performers.
Around the region, Asian markets are weaker; the Hang Seng is down 0.8% whilst the Shanghai Composite is 0.2% weaker.
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