Australian Stock Market Report – Midday12/17/2012

By Juliette Saly, CommSec Market Analyst,

Shutterstock photo

(12.30pm AEDT)

Local stocks have started the trading week in the red, despite reports the US House of Representatives could be one step closer to averting the Fiscal Cliff.

US House of Representatives Speaker John Boehner has reportedly opened the door for talks on tax hikes for wealthy Americans, removing a major stumbling block in Fiscal Cliff talks. The reports have sent the Dow Jones Futures Index up 88pts, suggesting a 0.7pct gain when US markets open tonight.

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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 Nasdaq, Inc.

This article appears in: Investing Commodities
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