Australian Stock Report - Market Pulse

Morning market update 21 July, 2016

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Publish date: Thu, 21 Jul 2016, 09:33 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 both the S&P 500 and Dow industrials again reached record highs amid signs corporate earnings season may be less dour than feared.

The SPI is trading at 5461, up 12 points.

Locally, in economic news, the Australian Bureau of Statistics releases motor vehicle census data from January 31 and its industrial disputes data for the June quarter.

The National Australia Bank’s business survey for the June quarter is also due out.

In equities news, Woodside Energy and BHP spinoff South32 release quarterly production reviews.

Key Numbers

  • The SPI is trading at 5461, up 12 points
  • AUD -0.3% to 74.79 US cents
  • On Wall St, Dow +0.2%, S&P 500 +0.5%, Nasdaq +1.1%
  • In Europe, Stoxx 50 +1.2%, FTSE +0.5%, CAC +1.2%, DAX +1.6%
  • Spot gold -1.1% to $US1317.96 an ounce
  • Brent crude +1.2% to $US47.20 a barrel
  • Iron ore -0.5% to $US55.75 per tonne

What’s on today

NAB Business confidence survey

The post Morning market update 21 July, 2016 appeared first on Market Pulse.

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