Markets

Australian Stock Market Report – Afternoon 12/21/2012

AFTERNOON REPORT

(4.30pm AEDT)

Fiscal cliff negotiations dominated investor sentiment today, sending local stocks off recent 18 month highs and into the red.

The Republican House Speaker John Boehner today said it's unlikely a deal to impose larger taxes ion Americans earning more than one million dollars per year would get enough votes. Now it's back to the drawing board with a deal unlikely before the Christmas break. The Dow Jones Futures slumped 190pts or 1.4pct sending local stocks down.

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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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