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.
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
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
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