Australian Stock Report - Market Pulse
Midday Market Analysis: Aussie On Fire
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Publish date: Thu, 19 Jul 2012, 02:10 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: Aussie On Fire
The Aussie market is flying so far today, with the XJO presently 50 points (+1.3%) in the green, holding around 4175.
The gains are widespread, with every sector in the green; energy, consumer staples and materials stocks are the best performers.
In company news Santos has climbed 3.6% after reporting that 2Q revenue rose 18% on year to $739 million.
Also in the energy space, Woodside Petroleum has jumped 6.6% after recording a 2Q revenue of $1.43 billion, a 14% rise on previous corresponding period.
Around the region, Asian markets are all trading higher; the Hang Seng (+1.7%) and Shanghai Composite (+0.9%) are amongst the strongest performers.
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