Australian Stock Report - Market Pulse

Morning market update 27 August, 2015

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Publish date: Thu, 27 Aug 2015, 09:04 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 higher later this morning, following strong gains on Wall Street overnight.

The September SPI futures contract is up 96 points, at 5227.

US stocks surged four per cent higher, ending a six-day losing streak that was caused by large falls in Chinese equities.

Locally today, the Australian Bureau of Statistics will release business investment figures for the June quarter.

In equities news, the following companies will be releasing their full year results: Nine Entertainment, Billabong, Boral, Ramsay Health Care, Flight Centre and Transfield Services.

Key trades

  • SPI up 96 points at 5227
  • AUD at 71.13 US cents
  • Dow Jones +3.95%, S&P500 +3.90%, Nasdaq +4.24%
  • FTSE100 -1.68%, CAC -1.40%, DAX -1.29%
  • Spot gold down 1.2% at $US1123.81 an ounce
  • Brent oil down 0.2% at $US43.56 a barrel
  • Iron ore up 0.4% at $US53.67 per tonne

The post Morning market update 27 August, 2015 appeared first on Market Pulse.

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