Australian Market Sheded its Morning Loses

• The Australian markets are trading in green after a weak morning session. The benchmark S&P/ASX 200 opened down by 24.4 points at 5,231, while the broader All Ordinaries index opened down by 22.5 points to 5227.

• Third quarter GDP figures have been released today morning and these numbers are set to show that the economy is continuing to grow below-trend. GDP figure for third quarter is 2.3 per cent with consensus estimates at 0.7 per cent growth for the quarter and 2.6 per cent year-on-year.

• Australian dollar took a plunge after release of GDP numbers, AUD was trading at 91.36 US cents before the release and slipped below 91 US cents after the GDP figure was out. Presently, it is trading at 90.65 US cents.

http://www.capitalvia.com/au/