Australian Stock Report - Market Pulse

Morning market update 28 August, 2015

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Publish date: Fri, 28 Aug 2015, 09:02 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 looks set to open higher later this morning, after gains on international markets, including China's, with good economic data also helping to boost US and European shares.

The share price index futures contract is up 94 points, at 5280.

Equities in Europe and on Wall Street climbed on revised US data showing stronger US growth in the second quarter of 3.7 per cent, compared with the previous estimate of 2.3 per cent.

Locally, no major economic news is expected on Friday.

In equities news, Harvey Norman, Slater & Gordon, IOOF, Lovis, Mayne Pharma, Regis Healthcare, Regional Express and Woolworths are expected to post full year results.

Key numbers:

  • SPI up 94 points at 5280
  • AUD at 71.60 US cents
  • Dow Jones +2.27%, S&P500 +2.43%, Nasdaq +2.45%
  • FTSE100 +3.56%, CAC +3.49%, DAX +3.18%
  • Spot gold down 0.1% at $US1124.60 an ounce
  • Brent oil up 9.6% at $US47.44 a barrel
  • Iron ore up 0.5% at $US53.93 per tonne

The post Morning market update 28 August, 2015 appeared first on Market Pulse.

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