STEEL PRODUCER, BLUESCOPE HAS NARROWED LOSSES...

IT LOST 12 MILLION DOLLARS IN THE FIRST HALF... BUT THAT'S A BIG IMPROVEMENT ON THE 530-MILLION DOLLAR LOSS IT REPORTED DURING THE SAME PERIOD THE YEAR BEFORE.

THE COMPANY SAYS IT'S AN ENCOURAGING RESULT AS IT STRUGGLES WITH FALLING PRICES.

NO INTERIM DIVIDEND WILL BE PAID.

TAKING A LOOK AT MARKET REACTION

BLUESCOPE STREAKING AHEAD ON SIGNS THE COMPANY'S RESTRUCTURE IS IMPROVING RESULTS. BEST SINCE Q4 2011.

SPECIALTY FASHION REOPRTED A 200 PER CENT JUMP IN

WE'RE NOW 20 PER CENT THROUGH REPORTING SEASON .. AND MARTIN LAKOS FROM MAC PRIVATE WEALTH SAYS SO FAR ANALYSTS HAVE BEEN PLEASANTLY SURPRISED.

THAT'S HELPED THE MARKET TO A POSITIVE CLOSE.

THE ASX 200 CLOSED UP AROUND HALF A PER CENT

ACROSS THE REGION... IN JAPAN, A SLIDING YEN IS HELPING THE NIKKEI

THE AUSTRALIAN DOLLAR IS SITTING AROUND 103 US CENTS.

 

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