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Australian Stock Report - Market Pulse

Author: marketpulse   |   Latest post: Fri, 20 Jan 2017, 09:09 AM

 

Morning Market Update, Updated 20 January 2017

Author:   |    Publish date:   |  >> Read article in Blog website


Good morning team, Chris Conway your Head of Research here with your First Look.

The Aussie market is expected to open lower later this morning, after Wall Street closed in negative territory as traders steered clear of risk ahead of US President-elect Donald Trump’s inauguration.

SPI futures are down 16 points, at 5622.

US stocks fell, with the Dow locking in its fifth session of losses as traders stayed away from making risky bets ahead of Donald Trump’s swearing-in as president tonight.

European shares dipped, though Zodiac Aerospace’s shares surged after a takeover offer by France’s Safran and Moneysupermarket.com also jumped after it reported strong results.

Locally, Santos is set to issue its fourth quarter production report.

Investors are also keenly anticipating a wave of Chinese economic releases, including fourth-quarter gross domestic product, retail sales and fixed asset investment.

Key trades

  • SPI down 16 pts at 5622
  • AUD at US75.41ยข
  • Dow Jones -0.2pc; S&P500 -0.2pc; Nasdaq -0.1pc
  • FTSE100 -0.5pc, CAC -0.3pc, DAX flat
  • Spot gold -0.2pc at $US1201.67 an ounce
  • Brent oil +0.4pc at $US54.09 a barrel
  • Iron ore -1.3pc at $US80.99 a tonne

What happened overnight?

The post Morning Market Update, Updated 20 January 2017 appeared first on Market Pulse.

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