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Australian Stock Market Report – Midday 9/20/2012

By International Business Times,  September 19, 2012, 11:41:03 PM EDT

LUNCHTIME REPORT
(12.15pm AEST)

Local stocks have come off the four month highs reached yesterday, as investors await Chinese manufacturing data coming through later this afternoon. The Australian share market rallied in afternoon trade yesterday after the Bank of Japan announced it would extend its asset buying program to 80 Trillion Yen. US and European markets also surged on the efforts to stimulate Japan's economy and tackle its deflation concerns. At lunchtime in the East, the All Ordinaries Index (XAO) is down.

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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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