Australian Stock Market Report – Afternoon 1/10/2013

By International Business Times,  January 10, 2013, 01:17:19 AM EDT

AFTERNOON REPORT
(5pm AEDT)

Better than expected Chinese data helped propel the share market today, following a flat start to the day's trade. The All Ordinaries Index (XAO) closed firmer by 15.1pts or 0.3pct to 4745.2 after hitting an intra-day low of 4723pts.

China´s trade surplus increased sharply in December, to $31.6 billion compared with a $19.6 billion surplus in November, as exports surprised on the upside. Exports were up 14.1pct in December compared with the same period a year earlier, while imports rose by 6pct.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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