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Australian Stock Market Report – Afternoon 12/7/2012

By International Business Times,  December 07, 2012, 01:46:09 AM EDT

AFTERNOON REPORT
(4.30pm AEDT)

Local stocks enjoyed a solid end to the trading week, following positive offshore moves and strong gains from blue chip stocks.

The All Ordinaries Index (XAO) finished the session firmer by 40.2pts or 0.9pct to 4555.9, its highest close since the 19th October.

Overnight, European markets rose to an 18 month closing high, while US stocks had modest gains after President Obama said there could be a quick deal to avert the fiscal cliff if Republican leaders agree to tax hikes for those making more than $250K a year.

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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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