Australian Stock Report - Market Pulse
Morning market update 24 August, 2015
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Publish date: Mon, 24 Aug 2015, 08:50 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.
This morning is shaping up to be a horror show for the Aussie market, following significant falls on international markets on Friday night amid further fears over China's economy and a Greek exit from the eurozone.
Adding insult to injury, the Dow Jones futures are down a further 85 points at time of writing, meaning our market is poised to open around 145 points (-2.8%) weaker.
In economic news today, the Reserve Bank of Australia is due to release a research discussion paper called Housing Wealth Effects: Cross-sectional Evidence from New Vehicle Registrations.
In equities news, Fortescue Metals, BlueScope Steel, Hills, NIB, Lend Lease, UGL and Beach Energy are among the companies reporting full year results while Caltex Australia, Patties Foods and APN Outdoor are among the companies due announce half year results.
Key numbers:
SPI down 145 points at 5023
AUD at 72.96 US cents
Dow Jones -3.12%, S&P500 -3.19%, Nasdaq -3.52%
FTSE100 -2.83%, CAC -3.19%, DAX -2.95%
Spot gold up 0.8% at $US1160.95 an ounce
Brent oil down 2.5% at $US45.46 a barrel
Iron ore up 0.5% at $US56.10 per tonne
The post Morning market update 24 August, 2015 appeared first on Market Pulse.
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