Australian Stock Report - Market Pulse

Morning market update 16 December, 2015

marketpulse
Publish date: Wed, 16 Dec 2015, 08:43 AM
marketpulse
0 1,810
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 sharply higher this morning following strong gains on Wall Street overnight.

The December SPI futures contract is up 59 points at 4,963.

The major US stock indexes are on track The S&P 500 and the Dow were on track for their best two-day run since mid-October as recovering oil prices lifted energy shares.

In local news today, the Westpac-Melbourne Institute leading indexes of economic activity will be released and Reserve Bank assistant governor for financial markets Guy Debelle give a speech in Sydney.

In the equities space, Ten Network Holdings, gas explorer Metgasco and the Dulux Group all hold their annual general meetings.

Key Numbers

  • SPI futures up 59 points at 4963
  • AUD at 71.81 US cents
  • On Wall St, late, S&P 500 +1.5%, Dow +1.2%, Nasdaq +1.3%
  • In Europe, Stoxx 50 +3.26pc, FTSE 100 +2.45pc, CAC 40 +3.16pc, DAX +3.07pc
  • In London, BHP +2.6%, Rio +1.7%
  • Spot gold up $US1.76 or 0.2% to $US1061.62/oz at 2.47pm NYC
  • Brent crude up 94 US cents or 2.5% to $US38.86/bbl at 2.23pm NYC
  • Iron ore up 30 US cents or 0.8% to $US39.36 a dry metric ton

What’s on today

US FOMC final day of its two-day meeting to decide US interest-rate policy, flash manufacturing data, industrial production; Euro-area manufacturing and services PMIs, inflation; UK unemployment

The post Morning market update 16 December, 2015 appeared first on Market Pulse.

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment