Australian Stock Report - Market Pulse

Morning market update 25 February, 2016

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Publish date: Thu, 25 Feb 2016, 08:54 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 little changed after mixed performance on Wall Street overnight as oil steadied in New York trading.

The SPI is up 37 points at 4,890.

In local news today, the Australian Bureau of Statistics is due to release private new capital expenditure and expected expenditure figures for the December quarter, along with its average weekly time earnings data for the six months to November.

In the equities space, Crown Resorts, Nine Entertainment, South32, Blackmores, Ramsay Health Care, Adelaide Brighton, Alumina, iSelect, SEEK, Breville, Fantastic Holdings, Village Roadshow, Costa Group, Temple and Webster Group and Sandfire Resources are expected to post half year results.

Meanwhile, APN News & Media, MYOB and Asaleo Care are slated to release full year results and Aristocrat Leisure has its annual general meeting in Sydney.

The Australasian Oil & Gas exhibition and conference continues in Perth.

Key Numbers:

  • SPI futures up37pts, at 4890
  • AUD flat at 72.01 US cents
  • On Wall St, late, Dow +0.2%, S&P 500 flat, Nasdaq +0.7%
  • In Europe, Stoxx 50 -2.3%, FTSE -1.6%, CAC -2%, DAX -2.6%
  • In London, BHP -8.38%, Rio -5.73%
  • Spot gold +0.5% to $US1232.40 at 3.06pm New York time
  • Brent crude +3.7% to $US34.51 at 2.41pm New York time
  • US oil +1.1% to $US32.24

What’s on today

Australia private capital expenditure 4th-Qtr

Local earnings: Adelaide Brighton, Alumina, APN News, Ausdrill, Blackmores, Crown Resorts, Dick Smith, Fantastic Holdings, Hutchison Tel, Macquarie Tel, Nine Entertainment, Retail Food Group, Seven Group, South32, Village Roadshow

Overseas economic data: US Jan durable goods, US weekly joblesss claims, UK 4th-Qtr GDP, German GfK March consumer confidence, Italian Feb consumer confidence.

Overseas earnings: Campbell Soup, Best Buy, Kohl’s, Gap, Intuit, Baidu, United Co Rusal, Apache Corp, Repsol, Deutsche Telekom, Bayer, Lloyds Banking Group, Ferrovial, Henkel, Anheuser-Busch.

Fed speakers: Dennis Lockhart, John Williams.

The post Morning market update 25 February, 2016 appeared first on Market Pulse.

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