Australian Stock Market Report – Midday 11/29/2012

By International Business Times,  November 28, 2012, 09:48:04 PM EDT

MID-SESSION REPORT
(12.30pm AEDT)

Local stocks are recording positive gains at lunchtime in the East, despite a fairly flat start to the trading session. Overnight, Wall Street staged a remarkable comeback on hopes an agreement on the Fiscal Cliff could be reached before Christmas.

At lunchtime in the East, the All Ordinaries Index (XAO) is up 16.3pts or 0.4pct to 4478.9.

Index leader BHP Billiton ( BHP ) is holding its Annual Gernal Meeting ( AGM ) today. The miner has told shareholders global financial problems continue although there are some signs of stabilisation. At lunchtime in the East, BHP shares are up 0.4pct to $34.15.

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: AGM, BHP



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