Australian Stock Report - Market Pulse

Morning market update 15 April, 2016

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Publish date: Fri, 15 Apr 2016, 09:53 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 Australian market looks set to open slightly higher later this morning, after modest gains on Wall Street overnight as traders digested the latest round of big bank earnings.

The SPI futures contract is up 9 points, at 5099.

In local economic news, the Reserve Bank of Australia releases its Financial Stability Review.

Key numbers:

  • SPI futures up 9 pts at 5099
  • AUD +0.5% to 76.87 US cents, 84.11 Japanese yen, 68.33 Euro cents and 54.37 British pence
  • On Wall St, Dow +0.1%, S&P 500 flat, Nasdaq flat
  • In Europe, Stoxx 50 +0.7%, FTSE flat, CAC +0.5%, DAX +0.7%
  • In London, BHP +1.8%, Rio -0.1%
  • Spot gold -1.3% to $US1225.79 at 2.21pm New York time
  • Brent crude flat at $US44.22 at 1.57pm New York time
  • Iron ore -1.8% to $US59.38

What’s on today:

Local data: RBA financial stability review at 11.30am

The IMF and World Bank Group hold their spring meetings, focused on the global economy and financial markets. Through April 17 in Washington.

China’s GDP growth is projected to slow in the first quarter, even after a rash of monetary and fiscal stimulus. March figures for industrial output, retail sales and fixed asset investment are released at the same time. 10:00 in Beijing,

Fed speakers: Chicago’s Charles Evans

Overseas data: China GDP 1st Qtr, China industrial production (Feb), China retail sales (Feb); Japan industrial production (Feb); Euro zone trade balance (Feb); Official start of UK’s EU referendum; US consumer sentiment (April), US industrial production (March), US international capital flows (Feb), Baker Hughes rig count.

Overseas earnings: Citigroup, Charles Schwab

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