Australian Stock Report - Market Pulse

Morning market update - 7 April, 2015

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Publish date: Tue, 07 Apr 2015, 10:10 AM
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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.

Local shares are poised to open in a tight range, ahead of the RBA rates decision this afternoon.

Key numbers:

 

  • SPI futures flat at 5877
  • AUD at 75.93 US cents, 90.83 Japanese yen, 69.53 Euro cents and 51.05 British pence.
  • On Wall St, S&P 500 +0.7%, Dow +0.7%, Nasdaq +0.6%
  • In Europe, major markets remained closed for Easter
  • Spot gold up $US7.80 or 0.7% to $US1214.71 an ounce
  • On Thursday, iron ore slumped 5% to $47.08 per ton
  • Brent oil up $US2.97 or 5.4% to $US57.92 a barrel

 

What’s on today:

Reserve Bank of Australia rates decision, Australia February retail sales, ANZ March job ads, US February consumer credit.

Stocks to watch:

Trading ex dividend today: BlackWall Property Funds, GI Dynamics, Japara Healthcare.

Credit Suisse has cut its rating on Navitas (NVT) to “underperform” from “neutral” and has a $4.60 target price.

Deutsche Bank has lowered its target price on Boral (BLD) by 0.9 per cent to $6.81 from $6.87.

The post Morning market update – 7 April, 2015 appeared first on Market Pulse.

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