Australian Stock Market Report – Midday 10/4/2012

By International Business Times,  October 04, 2012, 12:26:30 AM EDT

MIDDAY REPORT
(1pm AEST)

The Australian share market started of strong up near 10 points but as the morning went on the market lost ground. By lunchtime the All Ordinaries Index (XAO) moved into the red and was off 1pt to 4,460 points, hit by the slide in the oil price overnight and weak economic data.

On the economic front, new home sales fell by 5.3% in August, marking the second consecutive month of sharp falls. Sales now stand at the second lowest level in 15 years.

Read More on International Business Times




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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