Australian Stock Market Report – Afternoon 7/5/2012

By International Business Times,  July 05, 2012, 04:32:59 AM EDT

AFTERNOON REPORT
(5pm AEST)

The local share market closed flat today, ahead of a key European Central Bank meeting where it's widely tipped the ECB will cut interest rates in the Eurozone to a record low of 0.75pct. Wall Street was closed overnight for Independence Day while there was a lack of market moving economic data which also affected guidance. On low volumes, the All Ordinaries Index (XAO) closed down 3.9pts to 4209.9.

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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

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