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Midday Market Analysis:Struggling Aussie

Midday Market Analysis:Struggling Aussie

The Aussie market is struggling badly so far today, despite reasonable leads from international markets last night.

The XJO is presently down 45 points (-1.1%), at 4075.

The losses are widespread, with every sector in negative territory; materials, energy and telcos are the hardest hit.

In company news, Iluka has dropped 2.6% after Managing Director David Robb characterised zircon sales as ‘soft’ in the first quarter at the groups AGM.

Elsewhere, Kingsrose Mining is up 1.4% after it declared a maiden dividend of $0.04 a share.

Around the region, Asian markets are all trading lower; the Hang Seng (-1.5%) and Nikkei (-1.2%) are amongst the hardest hit.



   Written by: marketpulse   Other posts from: marketpulse
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