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Australian Stock Market Report – Midday 10/3/2012

By: International Business Times
Posted: 10/3/2012 12:20:00 AM
Referenced Stocks: RBA

MIDDAY REPORT
(1pm AEST)

The Australian share market continued its solid run this morning. The All Ordinaries Index (XAO) opening 20 points higher, despite the weak close on overseas markets and falls in gold and oil futures.

Yesterday investors rallied behind the Reserve Bank's ( RBA ) decision to cut rates for the first time since June this year. The RBA cut by 25 bps or ¼% to 3.25% a 53 year low.

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