Australian Stock Report - Market Pulse
Morning market update 21 August, 2015
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Publish date: Fri, 21 Aug 2015, 09:00 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 to open sharply lower later this morning, after Wall Street tumbled overnight; the Dow dropped to its lowest level for 2015 as worries spread about the strength of the world economy.
The September SPI futures contract is down 70 points, at 5167.
No major local economic news is expected on Friday.
In equities news, IAG, Transpacific, Macmahon Holdings, Super Retail Group, Sims Metal Management, Cabcharge are among the companies expected to post full year results while Coca-Cola Amatil and Santos are slated to release half year results.
Key numbers:
- SPI down 70 points at 5167
- AUD at 73.38 US cents
- Dow Jones -1.96%, S&P500 -2.11%, Nasdaq -2.73%
- FTSE100 -0.56%, CAC -2.06%, DAX -2.34%
- Spot gold up 1.7% at $US1151.98 an ounce
- Brent oil flat at $US46.18 a barrel
- Iron ore down 1% at $US55.84 per tonne
The post Morning market update 21 August, 2015 appeared first on Market Pulse.
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