The Australian Share Market has started the morning session in the red as another mixed bag of reporting's seeing profits taken as the end of reporting season...

The Australian Share Market has started the morning session in the red as another mixed bag of reporting's seeing profits taken as the end of reporting season comes to a close. Today another major to disappoint in Woolworths showing the reality that Australian Reporting Season was mediocre at best and there is a lot of pressure on local firms across all major sectors. This again points to what the RBA will do next Tuesday in their efforts to stimulate our declining economy. Market Turnover into lunch was $3.807 billion accounting for options expiry yesterday. We will probably see the market drift sideways into the afternoon with little incentive for investors to open new positions ahead of the weekend. Across the market aside from Woolworths, the energy sector came under pressure with Crudes falls overnight. For the entire wrap please visit (VIEW LINK)


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