Australian Stock Report - Market Pulse
Morning market update 10 August, 2016
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Publish date: Wed, 10 Aug 2016, 10:15 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 following a weak but positive lead from Wall Street, where the Nasdaq closed at a record high.
At 6.45am (AEST), the share price index was up 10 points at 5,500.
The Nasdaq rose 0.24 per cent to close at 5,225.48, exceeding its record on Friday.
Locally, in economic news, Reserve Bank of Australia governor Glenn Stevens is scheduled to speak at an Anika Foundation fundraiser in Sydney. The Australian Bureau of Statistics releases housing finance figures for June while the Westpac/Melbourne Institute Survey of Consumer Sentiment is also due out.
In equities news, Commonwealth Bank, Fairfax Media, and AGL Energy are expected to post full-year results while OZ Minerals is slated to release half-year results.
Key Numbers
- The SPI is up 12 points at 5502
- AUD +0.2% to 76.66 US cents
- On Wall St, Dow flat, S&P 500 flat, Nasdaq +0.2%
- In Europe, Stoxx 50 +1.6%, FTSE +0.6%, CAC +1.2%, DAX +2.5%
- Spot gold +0.5% to $1341.67 an ounce
- Brent crude -0.9% to $US44.98 a barrel
What’s on today
Westpac consumer confidence August, Home loans in June. AGL, CBA, Computershare, Sky City Entertainment, Oz Minerals, Fairfax Media Full year earnings.
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