Australian Stock Report - Market Pulse

Morning market update 15 March, 2016

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Publish date: Tue, 15 Mar 2016, 09:31 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 slightly higher following mixed leads from Wall Street overnight ahead of Key Central bank meetings.

The SPI is up 4 points at 5,177.

Locally, in economic news on Tuesday, the Reserve Bank of Australia is due to release the minutes of its March board meeting. Also, the Australian Bureau of Statistics is expected to release February's new motor vehicle sales figures while the ANZ-Roy Morgan weekly consumer confidence survey is due out.

Meanwhile, the case management conference on the Village Roadshow anti-piracy action is on in Sydney while in Melbourne, the Australian Financial Review-BHP Billiton Business Summit, continues.

No major equities news is expected, but Transurban chief executive Scott Charlton is slated to talk on toll roads at a CEDA lunch in Sydney.

Key Numbers:

  • SPI futures up 4pts or 0.1% to 5177 at 7.15am Sydney time
  • AUD -0.8% to 75.05 US cents, 85.39 Japanese yen, 67.62 Euro cents and 52.47 British pence
  • On Wall St, Dow +0.1%, S&P 500 -0.1%, Nasdaq flat
  • In Europe, Stoxx 50 +0.6%, FTSE +0.6%, CAC 40 +0.3%, DAX +1.6%
  • In London, Rio +0.08%, BHP +0.05%
  • Spot gold -1.5% to $US1231.40 at 7am Sydney time
  • Brent crude -2% to $US39.54 at 7am Sydney time
  • Iron ore -2.7% to $US55.55

What’s on today

RBA to release latest meeting minutes. RBNZ governor to give a private speech in Auckland. Bank of Japan policy decision. Governor Haruhiko Kuroda will hold a press conference.

Overseas data: US retail sales February, US producer price index (Feb.), US Empire State manufacturing (March), US NAHB homebuilder sentiment (March), US business inventories (Jan.), US Treasury net international capital flows (Jan.), France CPI (Feb.), Italy inflation (Feb.)

Earnings: Oracle, Valeant, GMK Norilsk Nickel, Antofagast

The US Democratic and Republican presidential hopefuls will vie in primaries in Florida, Illinois, Missouri, North Carolina and Ohio.

The post Morning market update 15 March, 2016 appeared first on Market Pulse.

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