Markets

Australian Stock Market Report – Afternoon 12/19/2012

AFTERNOON REPORT

(5pm AEDT)

The local share market rallied again today, with both the All Ordinaries Index (XAO) and S&P/ASX 200 Index (XJO) reaching 2012 and 17 month highs.

Investors were encouraged by hopes US Congress will soon reach a deal to avert the so-called "Fiscal Cliff" with US House majority leader Cantor saying he expected to have enough Republican votes to pass the bill.

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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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