Markets

Australian Stock Market Report – Midday 10/30/2012

LUNCHTIME REPORT

(11.40am AEDT)

Local stocks are trading modestly higher at lunchtime in the East, despite falls on the Canadian and European markets overnight. All US markets were closed due to Hurricane Sandy, which is currently bearing down on New York City. It's expected US markets will also close tonight (Tuesday) - which will be the first time bad weather has forced the closure of the NYSE for two consecutive sessions since 1888. The last time a Hurricane closed the NYSE for one day was in 1985. Nearing lunchtime in the East, the All Ordinaries Index (XAO) is up 7.2pts or 0.2pct to 4506.6.

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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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