Australian Stock Report - Market Pulse

Morning market update 5 January, 2016

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Publish date: Tue, 05 Jan 2016, 09:21 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 bearish night on Wall St overnight on the back of some weak Chinese economic data.

The SPI futures contract is down 47 points at 5,205.

The Caixin/Markit manufacturing index (PMI) on Monday showed that China’s factory activity contracted for the 10th straight month in December, and at a sharper pace than in November.

In local news today, the Dun and Bradstreet business expectations survey and the ANZ-Roy Morgan weekly consumer confidence survey will be released.

No major equities news expected.

Key Numbers:

  • SPI futures down 47 pts to 5205
  • AUD at 71.78 US cents, ¥85.739, €66.36 and £48.825
  • On Wall Street, late, S&P 500 -2.2%, Dow -2.3%, Nasdaq -2.7%
  • In Europe, Stoxx 50 -3.1%, FTSE -2.4%, CAC -2.5%, DAX -4.3%
  • In London, Rio -3.89%, BHP -3.16%
  • Spot gold up $US14.28 or 1.4% to $US1075.38/oz at 2.59pm New York time
  • Brent crude down 5 US cents or 0.1% to $US37.23/bbl at 2.34pm New York time
  • Iron ore was up 1.84 per cent at $US48.825 per tonne

What’s on today

Roy Morgan/ANZ weekly consumer sentiment, US December auto sales, Eurozone December CPI.

Stocks in focus

Shares trading ex-dividend today: Programmed Maintenance, Thorn Group.

The post Morning market update 5 January, 2016 appeared first on Market Pulse.

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