Australian Stock Market Report – Midday 7/6/2012

By International Business Times,  July 05, 2012, 10:35:22 PM EDT

MIDDAY REPORT
(12pm AEST)

Local stocks are trading in the red on the final session of the week, following weakness in European markets and a mixed finish on Wall Street overnight. The European Central Bank cut interest rates by 0.25pct to a record low of 0.75pct as expected overnight, yet the move failed to excite investors, who instead decided to book profits. US investors were treading water ahead of the key monthly jobs report coming out tonight. At lunchtime in the East, the All Ordinaries Index (XAO) is down 18.5pts or 0.4pct to 4191.4.

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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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