Australian Stock Report - Market Pulse

Morning market update - 11 June, 2015

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Publish date: Thu, 11 Jun 2015, 09:55 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.

The Aussie market will open sharply higher later this morning, following a strong lead from U.S. markets overnight.

The June SPI futures contract is up 50 points, at 5525.

Wall Street rallied more than 1%, with tech and bank issues helping to end a run of sluggish trade in US equity markets.

Today, the Australian Bureau of Statistics releases jobs figures for May, which is expected to show the unemployment rate holding steady at 6.2%.

Key numbers:

– SPI futures up 50 points, to 5525

– AUD at 77.60 US cents, 95.16 Japanese yen, 68.52 Euro cents and 49.95 British pence

– On Wall St, S&P 500 +1.2%, Dow +1.3%, Nasdaq +1.3%

– In Europe, Stoxx 50 +2%, FTSE +1.1%, CAC +1.8%, DAX +2.40%

– Iron ore jumps 1.7% to $65.39 per tonne

– Spot gold adds 0.8% to $US1186.58 an ounce

– Brent crude jumps 1.1% to $US65.61 a barrel

What’s on today:

Australia unemployment data

The post Morning market update – 11 June, 2015 appeared first on Market Pulse.

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