Australian Stock Market Report – Midday 9/24/2012

By International Business Times September 23, 2012, 11:36:42 PM EDT

LUNCHTIME REPORT
(1pm AEST)

After a strong close on the Australian share market on Friday, with the All Ordinaries Index (XAO) adding 11 points to 4, 430 points European market rallied. European index's up near 1% driven by gains in on news that Spain is heading closer to asking for an official bailout. This would be not great for global growth or the Eurozone recovery story, but at least we would know where we all stand.

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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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NOK $ 3.86 0.17  4.61%
S $ 7.32 0.10  1.39%
BAC $ 13.27 0.06  0.45%
GE $ 24.33 0.56  2.36%
MU $ 13.76 0.52  3.93%
SIRI $ 3.40 0.06  1.80%
MNKD $ 6.605 0.94  12.40%