Australian Stock Market Report – Midday 8/27/2012

By International Business Times,  August 26, 2012, 10:51:37 PM EDT

MIDDAY REPORT
(12.20pm AEST)

The Australian share market has regained some Friday´s lost ground today. On Friday night we saw the US market rallying higher on expectations the US Federal Reserve members stated they were willing to restimulate the US economy if needed and positive comment out of Asia. The All Ordinaries Index (XAO) opened up 24 points higher, but by lunch had given back a bit of ground, holding on to a 15 point gain at 4,391 points.

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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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