• Visit Website
Stock Analysis

Midday Market Analysis: Bull Enjoying Day In The Sun

Midday Market Analysis: Bull Enjoying Day In The Sun

The Aussie market has surged higher this morning, on the back of the positive leads provided by international markets on Friday night and the growing likelihood that pro austerity parties will form government in Greece.

The XJO is presently 70 points (+1.7%) stronger, holding around 4125.

Nearly all sectors are in the green, with energy, financials and industrials the pick of the bunch, whilst telcos are the laggards.

In company news, Fairfax has climbed 7.4% after announcing job cuts and a paywall for some of its news websites.

Elsewhere, Lynas Corp has jumped 9.3% after a bid to block the company building a processing plant in Malaysia was dismissed.

Around the region, Asian markets are enjoying similar strong gains to the Aussie; the Hang Seng is up 1.7% and the Nikkei is up 1.8%.

Click Now for FREE Trading Recommendations



   Written by: marketpulse   Other posts from: marketpulse
7 day free trial



asx-share-price

To start your Free 7 day trial please complete your details below

* required fields

IMPORTANT: an activation code will be sent via SMS, please enter your preferred mobile number



Disclaimer: The content of this blog does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs. Before acquiring or using any of Australian Stock Report's products, you should obtain and consider our Financial Services Guide. Australian Stock Report Ltd (ACN 106 863 978 106 863 978) is licensed as an Australian Financial Services Licensee pursuant to section 913B of the Corporations Act 2001. AFS Licence 301682. Any content within this email remains the property of Australian Stock Report and should not be reproduced without the consent of Australian Stock Report
RSS Feed