Australian Stock Report - Market Pulse

Morning market update 20 January, 2016

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Publish date: Wed, 20 Jan 2016, 08:53 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 volatile night on Wall Street overnight with falling oil prices once again weighing.

The March SPI futures contract is currently down 14 points at 4,834.

In local economic news today, the Commonwealth Bank business sales indicator is due out, as is the Westpac/Melbourne Institute survey of consumer sentiment.

In equities space, BHP Billiton is expected to release its second quarter production report and Australian Foundation Investment Company (AFIC) is slated to post half year results.

Key Numbers:

  • SPI futures down 14pts at 4834
  • AUD at 69.06 US cents, 81.35 Japanese yen, 63.36 Euro cents and 48.80 British pence
  • On Wall St, late, S&P 500 -0.8%, Dow -0.3%, Nasdaq -1.1%
  • In Europe, Stoxx 50 +1.5%, FTSE +1.7%, CAC +2%, DAX +1.5%
  • In London, BHP +3.01%, Rio +1.5%
  • Iron ore added 0.3% to $US42.78 per tonne
  • Spot gold -0.1% to $US1088.10 at 2.57pm New York time
  • Brent crude +1.3% to $US28.91 at 2.33pm New York time
  • US oil -3.2% to $US28.47 at 2.32pm New York time

What’s on today

BHP Billiton 4th Qtr production report at 8.30am Sydney. US consumer prices December, US housing starts December. Bank of Canada rate decision. Brazil rate decision. US Department of Agriculture releases annual estimate for world citrus crops

The post Morning market update 20 January, 2016 appeared first on Market Pulse.

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