Australian Stock Market Report – Midday 7/10/2012

By International Business Times,  July 09, 2012, 11:03:24 PM EDT

LUNCHTIME REPORT
(12pm AEST)

European Finance Ministers have this morning agreed on a new bailout deal for Spain, which will see the country receive €30 billion in aid by the end of the month. The deal is expected to bring great relief for investors and comes after Spanish debts, or borrowing costs, climbed to dangerous highs overnight. At lunchtime in the East, the All Ordinaries Index (XAO) is up 6.4pts or 0.2pct to 4166.2.

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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

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