Australian Stock Market Report – Midday 6/4/2012

By International Business Times,  June 03, 2012, 11:34:47 PM EDT

LUNCHTIME REPORT
(12.45pm AEST)

It's been a terrible start to the trading week, following big slides on US and European equity markets on Friday night. A key European manufacturing gauge came in lower than expected, sending Germany's DAX Index down 3.4pct, while a weak jobs report out of the US saw the Dow Jones index slump almost 275 points. Only 69,000 jobs were created in the US in May, versus expectations of job gains of 150,000. Locally, the Australian share market continues to be sold off with the All Ordinaries Index (XAO) down 68.6pts or 1.7pct to 4048.3. The ASX 200 Index (XJO) has fallen below the 4000 point for the first time since November.

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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 The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



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