Australian Stock Report - Market Pulse

Morning market update 11 July, 2016

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Publish date: Mon, 11 Jul 2016, 10:23 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 higher after strong gains on Wall Street following a much-larger-than-expected jump in jobs growth.

The SPI is up 56 points, to 5244.

Locally, in economic news, the ABS is due to release May’s housing finance figures.

No major equities news is expected.

Key Numbers

  • The SPI is up 56 points, to 5244
  • AUD at 75.68 US cents, 76.23 Japanese yen, 68.51 Euro cents and 58.42 British pence
  • On Wall St, Dow +1.4%, S&P 500 +1.5%, Nasdaq +1.6%
  • In New York, BHP +5.6%, Rio +4.3%
  • In Europe, Stoxx 50 +2.1%, FTSE +0.9%, CAC +1.8%, DAX +2.2%
  • Spot gold +0.4% to $US1366.33 an ounce on Friday in New York
  • Brent crude +0.8% to $US46.76 a barrel on Friday in New York
  • Iron ore +0.2% to $US55.17 per tonne

What’s on today

Local data: Housing finance

The post Morning market update 11 July, 2016 appeared first on Market Pulse.

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