Australian Stock Report - Market Pulse

Midday Market Analysis: Resilient Aussie

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Publish date: Tue, 30 Oct 2012, 01:48 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.

Aussie share have climbed higher so far today, despite the negative lead provided by European markets last night. The XJO is currently 11 points (+0.2%) higher, at 4488.

Most sectors are stronger at lunch, with telcos and healthcare leading the charge. Conversely, IT and property stocks are the laggards.

In company news, Telstra is up 0.7% after announcing that the sale of its wholly owned New Zealand subsidiary, TelstraClear, to Vodafone New Zealand, will push thru after the transaction is approved by regulators.

Elsewhere, Regis Resources has climbed 1.2% after releasing a quarterly report which showed an increase in production and lower cash costs. Around the region markets are stronger; the Nikkei is up 0.3%, whilst the Hang Seng has risen 0.1%.

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

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