Australian Stock Report - Market Pulse

Morning market update - 18 June, 2015

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Publish date: Thu, 18 Jun 2015, 09:58 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 is poised for a slightly weaker open later today, after an up and down night on Wall Street.

The June SPI futures contract is down six points, at 5579.

US stocks moved into positive territory following the Federal Open Market Committee's decision to keep its benchmark fed funds rate in place.

In local economic news today, the Reserve Bank releases its quarterly bulletin.

Key numbers:

– SPI futures 5579, down six pts

– AUD 77.49 US cents, 95.65 Japanese yen, 68.36 Euro cents and 48.97 British pence

– On Wall St, S&P 500 +0.2%, Dow +0.2%, Nasdaq +0.2%

– In Europe, Stoxx 50 -0.7%, FTSE -0.4%, CAC -1%, DAX -0.6%

– Iron ore slid 2.1% to $US61.51 per tonne

– Spot gold up $US4.18 or 0.4% to $US1186.25 an ounce

– Brent crude up 6 US cents to $US63.76 a barrel

What’s on today:

Australia quarterly RBA bulletin, jobs data, imports of goods; US consumer prices, leading index, Philadelphia Fed survey.

The post Morning market update – 18 June, 2015 appeared first on Market Pulse.

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