Australian Stock Report - Market Pulse

Morning market update 26 November, 2015

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Publish date: Thu, 26 Nov 2015, 08:44 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 lower later this morning following a flat finish on Wall Street overnight.

The December SPI futures contract is flat, at 5205.

Oil, gold and copper prices retreated overnight following the release of a mixed batch of US economic data.

In local news today, the Australian Bureau of Statistics releases business investment figures for the September quarter, a key indicator for next weeks economic growth figures.

In the equities space, the following companies are holding annual general meetings; Woolworths, Bank of Queensland, Primary Health Care, and online jobs advertiser Seek.

Key Numbers:

– SPI futures down flat at 5205

– AUD at 72.43 US cents, 88.98 Japanese yen, 68.31 Euro cents and 47.93 British pence

– On Wall St, late, S&P 500

– In Europe, Stoxx 50 +1.5%, FTSE +1%, CAC +1.5%, DAX +2.2%

– In London, BHP -2.6%, Rio -1.1%

– Spot gold down $US4.91 or 0.5% to $US1070.74/oz

– Brent crude down 5 US cents or 0.1% to $US46.07/bbl

– Iron ore +0.4% to $US44.07 a dry metric ton

What’s on today:

Australia business investment data; US equity and bond markets are closed for the Thanksgiving holiday.

Stocks in focus:

Former BHP chairman Don Argus, the father of the miner’s policy that ensures its annual $US6.6 billion dividend does not go backwards, says it was never designed to be a permanent strategy.Morning market update 25 November, 2015

The post Morning market update 26 November, 2015 appeared first on Market Pulse.

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