Australian Stock Report - Market Pulse

Morning market update 11 August, 2015

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Publish date: Tue, 11 Aug 2015, 09:03 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 higher later this morning, following gains on international markets overnight amid optimism for a new Greek bailout deal and as petroleum-linked equities rose on higher oil prices.

The September SPI futures contract is up 35 points, at 5480.

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

In equities news, Cochlear, Transurban, Domino’s Pizza, Bradken, GPT Metro Office Fund and Greencross are slated to post results.

Key numbers:

– SPI futures up 30pts at 5475

– AUD at 74.11 US cents, 92.32 Japanese yen, 67.25 Euro cents and 47.54 British pence

– On Wall St, S&P 500 +1.3%, Dow +1.4%, Nasdaq +1.2%

– In Europe, Stoxx 50 +0.7%, FTSE +0.3%, CAC +0.8%, DAX +1%

– Spot gold up 0.9% to $US1103.51 an ounce

– Iron ore untraded at $US56.40 per tonne due to a holiday in Singapore

– Brent crude surges 3.6% to $US50.20 per barrel

What’s on today:

Australia weekly consumer confidence, NAB business survey

Stocks in focus:

Earnings results: Bradken, Cochlear, Domino’s Pizza, Transurban, GPT Metro Office Fund, Compumedics

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

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