Australian Stock Report - Market Pulse

Morning market update 26 April, 2016

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Publish date: Tue, 26 Apr 2016, 11:30 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 lower later this morning after Wall Street fell overnight, dragged down by energy shares amid a decline in oil prices.

The SPI futures are down 15 points, at 5221.

In local economic news today, the ANZ-Roy Morgan weekly consumer confidence survey is due out.

In equities news, Newcrest Mining March is expected to release its quarter production report, while Asaleo Care has its annual general meeting.

Key numbers:

  • SPI futures down 15, at 5221
  • AUD fetching 77.15 US cents, 85.79 Japanese yen, 68.45 Euro cents and 53.27 British pence
  • On Wall St, Dow -0.2%, S&P 500 -0.2%, Nasdaq -0.2%
  • In Europe, Stoxx 50 -0.8%, FTSE -0.8%, CAC -0.5%, DAX -0.8%
  • In London, Anglo -7.3%, BHP -5.8%, Glencore -4.2%, Rio -4.2%
  • Spot gold +0.4% to $US1237.90 ounce at 3.39pm New York time
  • Brent crude -1.2% to $US44.55 barrel at 3.13pm New York time
  • Iron ore -0.4pc to $US66.07 tonne

What’s on today:

Local data: None

In Washington on Tuesday, the Fed’s Open Market Committee begins two-day meeting.

Connecticut, Delaware, Maryland, Pennsylvania and Rhode Island hold primary elections. At stake are 172 delegates for the Republican candidates and 463 delegates for the Democratic candidates.

The US Chamber of Commerce and the American Chamber of Commerce in China host the 7th China Business Conference. Former New York City Mayor Michael Bloomberg is this year’s honoree. Former Secretary of State Madeleine Albright will be one of the conference speakers. 15:00 EDT in Washington. Through April 27.

Overseas data: US durable goods March, US S&P/Case-Shiller home-price index (Feb.), US Markit services PMI (April), US consumer confidence (April), Richmond Fed manufacturing (April).

Overseas earnings: Apple, Twitter, AT&T, eBay, Coach, Simon Property, 3M, DuPont, Eli Lilly, P&G, Lockheed Martin, Corning, Barrick Gold, Bank of China Ltd, Swedbank, Bayer, BP, Fiat Chrysler

The post Morning market update 26 April, 2016 appeared first on Market Pulse.

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