Australian Stock Market Report – Afternoon 1/7/2013

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AFTERNOON REPORT
(5pm AEDT)

Positive jobs data out of the US on Friday failed to give a boost to local stocks today. The main All Ordinaries Index (XAO) finished slightly lower, down 4.8pts or 0.1pct to 4738.1. On Friday, the S&P 500 Index in the US hit a five year high, while the Dow Jones Index was up 3.8pct on the week, its best weekly win since December 2007 as lawmakers agreed on a deal to avert the fiscal cliff and December jobs numbers came in higher than expected.

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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.



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