Australian Stock Market Report – Midday 12/4/2012

By
A A A
Share |

MID-SESSION REPORT
(11.40am AEDT)

The Australian sharemarket is a touch lower ahead of the Reserve Bank's interest rate decision this afternoon. The All Ordinaries Index (XAO) is down 0.2 per cent or 10.0 pts to 4530. Most of the market is now trading in the red, with the energy and mining sectors the biggest drags on trade.

Last night, global markets ended mixed; European shares edged a little higher while American equities slid by approximately 0.5 per cent. At around 7am (AEDT), speculation that U.S politicians were getting closer to striking a deal in relation to the fiscal cliff started paring back earlier losses. This was short lived however, with the Republicans making a $2.2 trillion counter offer to the White House which doesn't include an increase in tax rates on higher income earners.

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:

International Business Times

International Business Times
  • See all for International Business Times
  • View Print Version

More from International Business Times:

Related Videos

Stocks

Referenced

Most Active by Volume

89,970,926
  • $16.15 ▲ 0.12%
77,131,582
  • $58.94 ▼ 1.31%
67,336,935
  • $26.56 ▲ 1.68%
48,814,124
  • $86.20 ▲ 0.02%
47,526,126
  • $23.21 ▲ 0.78%
44,660,424
  • $23.91 ▲ 6.36%
38,799,699
  • $4.289 ▲ 4.36%
36,199,890
  • $40.01 ▼ 0.97%
As of 4/17/2014, 04:07 PM