Australian Stock Market Report – Midday 12/7/2012

By
A A A
Share |

MID-SESSION REPORT
(11.30am AEDT)

The Australian sharemarket is improving for the third time this week, with the All Ordinaries Index (XAO) gaining by 0.8 per cent or 36.5 pts to 4552.2. All sectors bar the utilities are higher, with the miners and financials leading the rise.

It certainly has been a busy week for the Australian market; it always is at the start of a new month and season. The number of jobs advertised by local businesses fell for the eighth straight month, the Reserve Bank ( RBA ) cut rates for the fourth time this year to 3 per cent, the economy grew at a slower than forecast pace and retail spending was unchanged. On a positive note, there were more than 13,000 jobs created in November while the unemployment rate surprisingly dropped from 5.4 per cent to 5.2 per cent.

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: RBA

International Business Times

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

More from International Business Times:

Related Videos

Form 990 Explained
Form 990 Explained                  

Stocks

Referenced

Most Active by Volume

128,306,932
  • $60.84 ▼ 0.85%
89,644,283
  • $3.195 ▲ 0.79%
69,138,516
  • $16.34 ▼ 0.18%
67,996,983
  • $4.35 ▼ 1.58%
45,833,963
  • $87.59 ▲ 0.96%
40,667,300
  • $46.28 ▼ 2.42%
38,947,294
  • $26.16 ▼ 0.34%
38,107,217
  • $39.86 ▲ 0.43%
As of 4/24/2014, 04:04 PM