Australian Stock Report - Market Pulse

Morning market update - 27 January, 2015

marketpulse
Publish date: Tue, 27 Jan 2015, 05:03 PM
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.

The Australian market looks set to open higher later this morning, after a fluctuating Wall Street mostly gained overnight amid speculation the fallout of Greece’s newly-elected anti-austerity party will be contained.

The March SPI futures contract is up 13 points, at 5459.

In local economic news today, the ANZ-Roy Morgan weekly consumer confidence survey and the National Australia Bank’s monthly business survey for December are due out.

No major equities news is expected.

Key numbers:

 

  • SPI futures up 13pts at 5459
  • AUD at 79.18 US cents, 93.80 Japanese yen, 70.28 Euro cents and 52.52 British pence
  • In late trade, S&P 500 +0.1%, Dow flat, Nasdaq +0.2%
  • In Europe, Stoxx 50 +0.9%, FTSE +0.3%, CAC +0.7%, DAX +1.4%
  • Iron ore fell 4.3% to $US63.54 per metric tonne
  • Spot gold down 1% to $US1281.60 an ounce
  • Brent oil down 1.1% to $US48.26 per barrel

 

What’s on today:

NAB December business confidence, US December durable goods, US January consumer confidence, US Federal Reserve meeting, US November home prices, US December new home sales.

Stocks to watch:

RBC Capital Markets has an “outperform” rating on Mineral Deposits and an “outperform” recommendation and a $2.50 target price.

RBC Capital Markets has a “perform” recommendation on Atlas Iron and a $0.35 target price. In a broker’s note, RBC said: “AGO reported a strong operational December quarter with sales above expectations and impressive cost improvement.”

The post Morning market update – 27 January, 2015 appeared first on Market Pulse.

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

Post a Comment