Australian Stock Market Report – Midday 11/6/2012

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MID-SESSION REPORT
(12.15pm AEDT)

Local investors are hedging their bets today, ahead of arguably one of the busiest days of the year. At 3.15pm AEDT the "race that stops the nation" will see millions of Australians leave their desks to watch the Melbourne Cup, while tonight in the US, the hotly contested 2012 Presidential Election gets underway. Also of significance to market watchers, is this afternoon's interest rate decision at 2.30pm AEDT. Money markets are now factoring in just a 47pct chance that rates will be cut by 0.25 basis points to 3pct.

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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

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