Australian Stock Market Report – Midday 1/9/2013

By Juliana Roadley, CommSec Market Analyst,

Shutterstock photo

(1pm AEDT)

Local stocks pulled back yesterday with the All Ordinaries Index (XAO) finishing down 25 points. At the start of trade today the Aussie market gained 15 points and is currently holding on to these early gains even with the weaker than expected read on November retail sales hitting the market.

On US markets overnight all about the upcoming US 4th quarter reporting season that commenced just after the close of trade today. Alcoa kicked off the quarter reporting season with a very strong result.

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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 Nasdaq, Inc.

This article appears in: Investing Commodities
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