Midday update: Markets gain on Fed

The Dow Jones closed just short of another record overnight, as markets in Europe and the US gained ground following the latest Fed meeting. Wall Street swung higher after the Fed stuck to its view that interest rates will remain near zero for a considerable time after stimulus wraps up in the next few months.


Midday Market Update: Aussie Trounced

Unsurprisingly, the Aussie market is getting trounced so far today. The local bears have dug their claws right into the market, dragging it 75 points (-1.5%) lower, to 5112. No corner of the market has been spared the carnage, with materials, healthcare and consumer discretionary stocks the worst in show. While offshore leads are sending


Midday Market Update:

After a positive start, the Aussie market has dipped into the red heading into the afternoon session. The ASX200 is presently down two points, at 4919. Financials and healthcare stocks are weighing on the market, while materials are holding up thanks to commodity price gains in Friday’s night international session. In company news, Aquila Resources


Midday Market Update: Aussie Going Nowhere

The Aussie market is slightly stronger so far today, following the mixed leads provided by international markets last night. The XJO is presently 10 points (+0.2%) in the green, at 4390. The sectors are fairly evenly balanced between winners and losers, with utilities, financials and telcos the best performers whilst energy, industrials and healthcare stocks are


Midday Market Analysis: Aussie Smashed

The Aussie market is suffering badly so far today, despite the flat leads provided by international markets last night. The XJO is presently down 46 points (-1%) at 4400. Every sector is weaker, with financials, energy and industrials the poorest performers. In company news, IPL has jumped over 4% after releasing its FY12 results which beat market


Midday Market Analysis: Aussie Treading Water

The Aussie market is little changed so far today, following indecisive leads provided by international markets on Friday night. The XJO is presently seven points (-0.2%) underwater, at 4455. Most sectors are weaker, with energy, industrials and materials the weakest links whilst telcos and utilities are doing their best to prop the market up. In company


Midday Market Analysis: Aussie Holding Up

The Aussie market is holding up reasonably so far today, in light of the poor leads provided by international markets last night. The XJO is presently down 20 points (-0.5%), at 4461. Most sectors are weaker, with utilities, financials and energy the weakest links, whilst healthcare and IT are the strongest performers. In company news, Emeco


Midday Market Analysis: Aussie Taking A Hit

The Aussie market is taking a pounding so far today, which was to be expected given the leads provided by international markets last night. The XJO is presently down 40 points (-0.9%) at 4480. Every sector is in the red, with telcos, energy, and materials plays the weakest performers. On the economic front, data released by the