Australian Stock Report - Market Pulse

Morning market update 16 June, 2016

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Publish date: Thu, 16 Jun 2016, 09:52 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 share market looks set to open lower after Wall Street fell for a fifth straight session after the US Federal Reserve left interest rates unchanged.

Investors also continued to worry over Britain's possible exit from the European Union ahead of next week's vote.

The SPI is down 4 point, at 5158.

Locally, in economic news on Thursday, the Reserve Bank of Australia assistant governor Christopher Kent speaks at an Economic Society of Australia lunch.

The Australian Bureau of Statistics is scheduled to release labour force data for May as well as new motor vehicle sales data.

Key Numbers

  • The SPI is down 4 point, at 5158
  • AUD +0.7% to 74.06 US cents, 78.49 Japanese yen, 65.80 Euro cents and 52.15 British pence
  • On Wall St, Dow -0.2%, S&P 500 -0.2%, Nasdaq -0.2%
  • In Europe, Stoxx 50 +1.2%, FTSE +0.7%, CAC +1%, DAX +0.9%
  • Spot gold +0.4% to $US1291.35 an ounce
  • Brent crude -2.1% to $US48.78 a barrel
  • Iron ore +0.2% to $US50.65 per tonne

What’s on today

Jobs data, Motor vehicle sales. RBA Deputy Governor Dr Philip Lowe speaking in Brisbane

The post Morning market update 16 June, 2016 appeared first on Market Pulse.

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