Australian Stock Report - Market Pulse

Morning market update 8 April, 2016

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Publish date: Fri, 08 Apr 2016, 09:48 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 share market will open lower following widespread overnight losses in the US and Europe.

The share price index is down 55 points, at 4890.

Locally, no major economic or equities news is expected on Friday.

Key numbers:

  • SPI futures down 46pts or 0.9% to 4899 near 6.30am Sydney time
  • AUD -1.3% to 75.03 US cents, 81.40 Japanese yen, 66.01 Euro cents and 53.39 British pence
  • On Wall St, Dow -1%, S&P 500 -1.2%, Nasdaq -1.5%
  • In Europe, Stoxx 50 -1.3%, FTSE -0.4%, CAC -0.9%, DAX -1%
  • In London, BHP -0.7%, Rio -0;9%
  • Spot gold +1.2% to $US1237.29 at 2.23pm New York time
  • Brent crude -1.8% to $US39.14 at 1.58pm New York time
  • Iron ore slips 0.3% to $US54.57 per tonne

What’s on today:

Overseas data: Japan current account (Feb.), Japan economy watchers survey (March), Japan consumer confidence (March), UK industrial production (Feb.), UK trade balance (Feb.), US wholesale inventories (Feb.)

Earnings: Prada.

Sovereign rating updates: Saudi Arabia (S&P), Spain (DBRS), Sweden (Moody’s), Switzerland (Fitch), Turkey (Moody’s).

The post Morning market update 8 April, 2016 appeared first on Market Pulse.

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