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Australian Stock Market Report – Midday 3-19-13

MID-SESSION UPDATE

(12.30pm AEDT)

The Australian share market is making an impressive rebound in early trade, following yesterday's 2% drop which was sparked by Eurozone worries.

European markets fell overnight on worries the proposed tax on bank deposits in Cyprus could pose risks for banks more generally across Europe. Cypriot banks will be closed until Thursday while a vote is held on the controversial bank levy plan.

Read More on International Business Times

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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