Australian Stock Report - Market Pulse
Morning market update 26 August, 2015
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Publish date: Wed, 26 Aug 2015, 08:42 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 looks set to open lower later this morning, after Wall Street fell for the sixth straight session overnight.
The Dow posted another triple-digit decline after a morning rally fizzled.
The SPI futures contract is down 46 points, at 5081.
In local economic news today, Reserve Bank of Australia governor Glenn Stevens is slated to speak at the National Reform Summit.
The Australian Bureau of Statistics releases quarterly construction work data.
In equities news, Seven Group, Westfield Corporation, BC Iron, Prime Media Group and WorleyParsons are among the companies expected to post results.
Key numbers:
SPI down 46 points at 5081
AUD at 71.61 US cents
Dow Jones -0.61%, S&P500 -1.34%, Nasdaq +0.14%
FTSE100 +3.09%, CAC +4.14%, DAX +4.97%
Spot gold down 1.4% at $US1139.55 an ounce
Brent oil up 1.3% at $US43.01 a barrel
Iron ore up 0.3% at $US53.45 per tonne
The post Morning market update 26 August, 2015 appeared first on Market Pulse.
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