Australian Stock Market Report – Midday 11/16/2012

By International Business Times,  November 15, 2012, 08:55:11 PM EDT

MID-SESSION REPORT
(12.15pm AEDT)

Local stocks have hit fresh seven week lows in the early session, following more weakness on European and US markets overnight. Data showed the European economy is officially in recession, and whilst this was no surprise, it did give investors reason to sell. US markets were also sold-off after the world's largest retailer Wal-Mart disappointed with profit results.

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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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