Australian Stock Report - Market Pulse

Morning market update 24 June, 2016

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Publish date: Fri, 24 Jun 2016, 11:08 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 higher, after US and European stocks rose on hopes Britons have voted to remain part of the European Union.

The SPI is up 81 points, at 5314.

Voting in the UK's EU referendum ends at 0700 AEST, with the result expected to be known within hours.

Locally, the AOFM will issue $1 billion of November 21, 2020 Treasury bonds, while building materials company CSR holds its annual general meeting in Sydney.

Key Numbers

  • The SPI is up 81 points, at 5314
  • AUD at 76.11 US cents, 80.69 Japanese yen, 66.79 Euro cents and 51.09 British pence
  • On Wall St, near the close, Dow +1.1%, S&P 500 +1%, Nasdaq +1.4%
  • In Europe, Stoxx 50 +2%, FTSE +1.2%, CAC +2%, DAX +1.9%
  • Spot gold -0.4% to $US1260.85 an ounce
  • Brent crude +1.1% to $US50.42 a barrel
  • Iron ore -0.8% to $US51.89 per tonne

What’s on today

Brexit, Brexit, Brexit; CSR AGM

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