Markets

Australian Stock Market Report – Afternoon 12/3/2012

AFTERNOON MARKET REPORT

(17:30 AEDT)

Not for the first time, Monday bore witness to one of those perverse circumstances where stocks rise in response to weaker economic news. The last week in the US was defined by a lack of progress in relation to the fiscal cliff, although Republicans and Democrats expressed confidence that the matter would be resolved in a timely fashion. Weekend developments in Washington saw an opening gambit being made by the Democrats, which was summarily dismissed by the Republicans. 'The game' has begun; it's now a question of its resolution. The week ahead will see investors focussed on US political headlines whilst monitoring the tier 1 economic releases to gauge the extent which political uncertainty has impacted real world outcomes.

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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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