Australian Stock Market Report – Midday 3-22-13

By Juliette Saly, CommSec Market Analyst,

Shutterstock photo

(12.10pm AEDT)

The Australian share market is trading higher at lunchtime, despite a negative start impacted by more falls on European and US share markets overnight.

Investors in the US and Europe sold out of stocks as Cyprus's president worked on a new plan to obtain a European bailout.

Financial stocks are driving the local gains, with Westpac ( WBC ) the strongest out of the big four banks.

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 Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: WBC

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