Australian Stock Report - Market Pulse

Morning Market Commentary: Another Mixed Night

marketpulse
Publish date: Tue, 20 Mar 2012, 11:02 AM
marketpulse
0 1,810
Welcome to MarketPulse, the Australian Stock Report's financial market blog. In the MarketPulse blog we aim to provide frequent updates on current events across the financial markets, including market wraps, articles in the news, opinions, reviews, financial education and finally our top tip of the week. The blog is published by the Australian Stock Report research and report editing team together with our very own "Passionate Trader", Carl Capolingua.

Morning Market Commentary: Another Mixed Night

It was another mixed night for international markets last evening, although no major index moved more than three quarters of a percent.

In Europe the FTSE shed four points to settle at 5961, whilst the CAC (-0.5%) and DAX (flat) also had soft sessions.

Stateside, the Dow Jones added seven points to settle at 13239, whilst the S&P advanced six points (+0.4%) and the Nasdaq jumped 0.75%.

The US Midwest manufacturing index rose from 89.0 to 90.1 In January. The National Association of Home Builders sentiment index was unchanged at 28 in March – the highest level since June 2007.

The Aussie dollar held firm around the US$1.06 handle, whilst the Dollar Index fell to a one-week low as traders sold the US currency in favour of the Swiss franc, triggering automatic sell orders for the pair that further weighed on the greenback.

Oil advanced, adding US$1.03 (+1.0%) to US$108.09 a barrel. Base metals rose modestly with the exception of lead which shed 0.3%. Gold also rose slightly, up 0.4% to US$1665 an ounce.

Sydney Airports releases traffic data today whilst the market will also be in receipt of the CB leading index (10:00am, AEDT) and the latest RBA monetary policy meeting minutes (11:30am, AEDT).

To Access FREE Daily Trading Recommendations, Click Here!

Morning Market Commentary: Another Mixed Night is a post from: Australian Stock Report Market Pulse Blog

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment