Australian Stock Report - Market Pulse

Morning market update 20 July, 2016

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Publish date: Wed, 20 Jul 2016, 10:12 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 flat following lacklustre performances on international markets amid lowered expectations for global economic growth.

The SPI is flat trading at 5410.

Locally, in economic news, the Westpac-Melbourne Institute Leading Indexes of Economic Activity and the Commonwealth Bank's business sales indicator for June are both due out.

In equities news, BHP is slated to release a fourth quarter and full-year production review.

Key Numbers

  • The SPI is flat trading at 5410
  • AUD -1.1% to 75.05 US cents, 79.64 Japanese yen, 68.12 Euro cents and 57.36 British pence
  • On Wall St, Dow +0.1%, S&P 500 -0.1%, Nasdaq -0.4%
  • In Europe, Stoxx 50 -0.6%, FTSE flat, CAC -0.6%, DAX -0.8%
  • Spot gold +0.3% to $US1333.11 an ounce
  • Brent crude -0.4% to $US46.78 a barrel
  • Iron ore -1.5% to $US56.02 per tonne

What’s on today

Local data: WBC Leading Index. BHP fourth quarter production report

The post Morning market update 20 July, 2016 appeared first on Market Pulse.

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