Australian Stock Market Report – Midday 2/20/2013

By Steven Daghlian, CommSec Market Analyst,

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(12.30pm AEDT)

The Australian sharemarket is improving for the third straight day, with the All Ordinaries Index (XAO) up 0.3 per cent or 15.6 pts to 5116.6. This takes the gains so far in 2013 to 9.6 per cent. It isn't a huge surprise that markets are higher, with shares up close to 2 per cent overnight in Europe. This was partly thanks to some positive signs for the future outlook of the German economy.

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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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