Australian Stock Report - Market Pulse

Morning market update 01 August, 2016

Publish date: Mon, 01 Aug 2016, 09:40 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 gains on Wall Street where the S&P 500 index hit a record intraday high for the seventh time in July.

The SPI is trading up 18 points at 5536.

Locally, in economic news, the Reserve Bank of Australia (RBA) releases the index of commodity prices for July.

The Australian Industry Group releases its performance of manufacturing (PMI) index, the RP Data Core Logic’s Home Value Index for July is due out.

No major equities news is expected.

Key Numbers

  • The SPI is trading up 18 points at 5536
  • AUD traded at 76.01 US cents on Saturday morning
  • On Wall St, Dow -0.1%, S&P 500 +0.2%, Nasdaq +0.1%
  • In New York, BHP +0.4%, Rio flat
  • In Europe, Stoxx 50 +0.8%, FTSE flat, CAC +0.4%, DAX +0.6%
  • Spot gold +1.2% to $US1351.28 an ounce
  • Brent crude -0.6% to $US42.46 a barrel
  • Iron ore -2.2% to $US59.37 a tonne

What’s on today

Overseas data: China PMI and China Caixin manufacturing PMI (both for July)

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2016-08-31 14:32

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