Quay Mid-Day Market Update
The Australian Share Market with an interesting start to the session. The market did open weaker on the back of a negative Wall Street lead and continued weakness in crude oil and iron ore but the market did pick up around 10:30 to pull back some of opening bell losses. Market Turnover was subdued this morning at $1.412 billion. A much quitter open given the start to the new quarter with investors not making any major moves in their portfolios at this stage. This afternoon’s session should get some direction again from China & Japan. Plenty of data on hand for the market to consider. There is Chinese PMI data at 12:00pm AEDT, Japanese Markit Manufacturing PMI at 12:35pm and the market will be looking very closely at the HSBC China Manufacturing data out at 12:45pm, could be market moving for our resource plays. Across the market... For the entire wrap please visit (VIEW LINK)
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