Australian Stock Report - Market Pulse
Morning market update 7 September, 2015
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Publish date: Mon, 07 Sep 2015, 08:33 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 will open lower to start the new trading week, following Wall Street's fall of more than 1% on Friday night amid a mixed US jobs report which clouded prospects for a Federal Reserve interest rate rise.
The September SPI futures contract is down 20 points, at 5005.
In local economic news today, Australian Industry Group/Housing Industry Association's performance of construction index for August is due out as is the ANZ job advertisements series for the same month.
In equities news, Westpac is expected to give a strategy update. In Australia, the market on Friday closed slightly higher in a see-sawing session ahead of the release of important jobs figures in the US.
Key numbers:
- SPI down 20 points at 5005
- AUD at 69.08 US cents
- Dow Jones -1.66%, S&P500 -1.53%, Nasdaq -1.05%
- FTSE100 -2.44%, CAC -2.81%, DAX -2.71%
- Spot gold down 0.2% at $US1123.45 an ounce
- Brent oil down 2.1% at $US49.61 a barrel
- Iron ore at $US56.50 per tonne
The post Morning market update 7 September, 2015 appeared first on Market Pulse.
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