Australian Stock Report - Market Pulse

Morning market update 22 March, 2016

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Publish date: Tue, 22 Mar 2016, 08:42 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 Wall Street gained slightly overnight.

The SPI is up 10 points at 5,177.

Locally, in economic news on Tuesday, Reserve Bank of Australia governor Glenn Stevens and assistant governor (Financial System) Malcolm Edey are slated to participate at the ASIC Annual Forum in Sydney.

The Australian Bureau of Statistics is expected to release residential property prices for the December quarter while the ANZ-Roy Morgan weekly consumer confidence survey is also due out.

In equities news, Kathmandu and TPG Telecom are slated to post half year results.

Key Numbers:

  • SPI futures up 10pts or 0.2% to 5177 at about 7am Sydney time
  • AUD -0.2% to 75.85 US cents, 84.78 Japanese yen, 67.41 Euro cents and 52.69 British pence
  • On Wall St, Dow +0.1%, S&P 500 +0.1%, Nasdaq +0.3%
  • In Europe, Stoxx 50 -0.4%, FTSE -0.1%, CAC -0.8%, DAX flat
  • In London, BHP -1.4%, Rio -0.1%
  • Spot gold -0.9% to $US1244.38 at 1.26pm New York time
  • Brent crude +0.5% to $US41.41 at 1.01pm New York time
  • Iron ore +2.3% to $US58.82
  • What’s on today

Local data: ABS Q4 house prices,

RBA speakers: Asst governor Malcolm Edey speaks at 11.45am, Glenn Stevens speaks at 4.30pm

Overseas data: EU ZEW March expectations; Germany ZEW March expectations, Germany IFO March business climate; UK Feb CPI; US Jan house prices, Richmond Fed March manufacturing.

Fed speaker: Charles Evans, Patrick Harker

The post Morning market update 22 March, 2016 appeared first on Market Pulse.

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