Australian Stock Report - Market Pulse

Morning market update 8 December, 2015

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Publish date: Tue, 08 Dec 2015, 08:35 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.

he Aussie market is poised to open lower, following negative leads from Wall Street overnight and falling commodity prices.

The December SPI futures contract is down 11 points at 5,138.

In local economic news today, the National Australia Bank's monthly business survey for November and the ANZ-Roy Morgan weekly consumer confidence survey are both due out.

The AFR Workforce & Productivity Summit is on in Melbourne.

In the equities space, tech start-up Atlassian is expected to list on the Nasdaq in New York.

Key Numbers:

  • SPI futures down 11 points at 5138
  • AUD at 72.62 US cents
  • On Wall St, late, S&P 500 -0.8%, Dow -0.8%, Nasdaq -0.9%
  • In Europe, Stoxx 50 +0.9%, FTSE -0.2%, CAC +0.9%, DAX +1.3%
  • In London, BHP -2.9%, Rio -0.7%
  • Spot gold down $US11.42 or 1.05pc to $US1075.02 an ounce at 2.23pm in New York
  • Brent crude down $US2.10 or 4.88pc to $US40.90 a barrel at 1.57pm in New York
  • Iron ore fell 2.4 per cent overnight to $US39.06 a dry ton, according to Metal Bulletin

What’s on today

Australia weekly consumer sentiment, NAB business survey; Japan current account; China trade surplus; Euro area GDP; US job openings

The post Morning market update 8 December, 2015 appeared first on Market Pulse.

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