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Australian Stock Market Report – Midday 10/16/2012

By International Business Times,  October 15, 2012, 10:09:36 PM EDT

MIDDAY REPORT
(12.50pm AEDT)

The All Ordinaries Index (XAO) followed the lead from the overseas markets and opened higher this morning up 20 points. By lunch time the market had reduced its early run and had only added 9 points, to 4,515, with small gains in most sectors.

The US market climbed higher after better than expected quarterly results from banks and building stocks and better than expected September retail sales.

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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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