Stocks hit a high at noon: Afternoon market insights
Tuesday, October 16, 2012/
Stocks reached a 14-month high this morning, as the markets digested falling interest rates and the Reserve Banks of Australia’s minutes, released today. After gaining .51 per cent around midday, the S&P/ASX200 fell back to a .22% increase to 4493.3 points at around 2.45pm.
The All Ordinaries rose .22% as well to reach 4515.3
The Australian dollar rose to trade at 102.26 US cents, up from 102.23 US cents yesterday.