Australian Stock Report - Market Pulse

Morning market update 30 November, 2015

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Publish date: Mon, 30 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 flat later this morning after Wall Street closed little changed Friday night and ahead of Tuesday’s Reserve Bank rate decision.

The December SPI futures contract is down 1pt, at 5206.

In local economic news today, the Reserve Bank of Australia releases financial aggregates for October while the Australian Bureau of Statistics releases business indicators for the September quarter.

Meanwhile, the TD Securities-Melbourne Institute inflation gauge for the month just ended is due out, as is the HIA New home sales figures for October.

In the equities space, Metcash is expected to post results.

Key Numbers:

  • SPI futures down 1pt at 5206
  • AUD at 71.95 US cents on Monday morning
  • On Wall St on Friday, S&P 500 -1%, Dow -0.1%, Nasdaq -0.2%
  • In Europe, Stoxx 50 -0.3%, FTSE -0.3%, CAC -0.3%, DAX -0.2%
  • Spot gold down $US14.87 or 1.4% to $US1057.46/oz in NYC on Friday
  • Brent crude down 60 US cents or 1.3% to $US44.86/bbl in NYC on Friday

What’s on today:

Australia business indicators, monthly inflation gauge, private sector credit; Japan industrial output, retail trade; German inflation; US pending home sales

Stocks in focus:

Brazil’s federal and state governments plan to sue BHP Billiton and Vale, the owners of the Samarco iron ore miner, for 20 billion reais ($7 billion) in damages caused by the burst of a tailings dam, Environment Minister Izabella Teixeira told reporters on Friday.

The post Morning market update 30 November, 2015 appeared first on Market Pulse.

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