ALL ORDINARIES Index Down, Macquarie Shares Drop

Australia’s share market, or the All Ordinaries Index (INDEXASX: XAO)(ASX: XAO), is down by 0.47% at lunch.

The biggest fall in the ASX200 is Macquarie Group Ltd (ASX: MQG), it’s currently down 2.84% after a broad sell-off in global markets due to political tensions in Italy and the wider EU region. Macquarie is affected because a majority of its earnings come from overseas.

Software business Gentrack Group Ltd (ASX: GTK) reported its half year result today, the share price is down 4.23% in response to the numbers.

The share price of Retail Food Group Limited (ASX: RFG) has risen a further 5% so far after appointing a new CEO. owner REA Group Limited (ASX: REA) has fallen 3% this morning after receiving a ‘downgrade’ from one the major brokers – they thought the share price was too high. However, the property business received approval from the ACCC that it can acquire Hometrack Australia, which will provide more property data and insights.

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Jaz Harrison

Jaz Harrison

Jaz is a keen investor who loves to thoroughly poke holes in an investment idea before it has a chance of making it into her portfolio. Jaz invests for the long-term and doesn't sweat the small stuff. She strongly believes that empowering people with knowledge is the best way for them to take charge of their finances, which is exactly the approach she takes with her own money and investments.