Quay Mid-Day Market Update

The Australian Share Market bouncing back this morning to be in positive trade with the market following Wall Street & commodity markets after U.S markets had a bounce on the back of the Chinese stimulus moves over the weekend while a number of high profile companies also had earnings beats. Also boosting sentiment was Crude Oil & Iron ore back in the winner’s circle. Market Turnover into lunch was again lower than usual at $1.403 billion. The market was awaiting the RBA minutes patiently particularly after comments overnight from RBA governor Glen Stevens who commented in New York that the RBA would be willing to cut interest rates again if required, however was cautious on the impact on house prices and debt levels. The RBA minutes showed... For the entire wrap please visit (VIEW LINK)