Australian Stock Report - Market Pulse

Morning market update - 24 June, 2015

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Publish date: Wed, 24 Jun 2015, 09:20 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 Australian market is poised for a flat start today, after US stocks closed with modest gains overnight.

The September SPI futures contract is up four points, at 5627.

Wall Street closed slightly higher, helped by some positive US and eurozone economic data as traders kept a wait-and-see attitude on Greece’s looming debt deal.

In local developments today, Origin Energy managing director Grant King speaks at an Australia-Israel Chamber of Commerce lunch in Sydney.

Also, McDonald’s Australia chief executive Andrew Gregory will address an American Chamber of Commerce in Australia lunch.

Key numbers:

– SPI futures up 4pts to 5627

– AUD at 77.38 US cents, 95.84 Japanese yen, 69.24 Euro cents and 49.18 British pence.

– On Wall St, S&P 500 flat, Dow up 0.1%, Nasdaq up 0.1%

– In Europe, Stoxx 50 +0.8%, FTSE flat, CAC +1.2%, DAX +0.7%

– Iron ore jumped 2.2% to $US61.34 per tonne

– Spot gold up 13 cents to $US1178.76 an ounce

– Brent crude up $US1.20 or 1.9% to $US64.54 a barrel

What’s on today:

Australia May skilled vacancies, US Q1 corporate profits, June 20 jobless claims.

The post Morning market update – 24 June, 2015 appeared first on Market Pulse.

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