Markets

Australian Stock Market Report – Afternoon 11/2/2012

AFTERNOON REPORT

(5pm AEDT)

Despite a positive start, local stocks ended Friday's session only modestly higher, as investors pared back ahead of a key US jobs report being released tonight and next week's local interest rate decision. After hitting 4507 points in early trade, the All Ordinaries Index (XAO) finished the session only 3.4pts higher at 4483.3, a gain of 0.1pct. Over the course of the trading week, the XAO lost 0.3pct during extraordinary circumstances where Hurricane Sandy caused the New York Stock Exchange to be closed for two straight sessions.

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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