Australian Stock Market Report – Afternoon 7/6/2012

By International Business Times,  July 06, 2012, 04:28:14 AM EDT

AFTERNOON REPORT
(5pm AEST)

It seems it takes a lot to excite investors in this current climate. Despite rate cuts overnight from both the European Central Bank and the People's Bank of China, investors sold out of equities today fearing the stimulus wouldn't be enough. There was also some trepidation and profit taking ahead of a key jobs report coming out of the US tonight.

Locally, the All Ordinaries Index (XAO) closed down 10.9pts or 0.3pct to 4199, while the S&P/ASX 200 Index (XJO) lost 11.4pts or 0.3pct to 4157.8.

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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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