Australian Stock Report - Market Pulse

Morning market update 11 August, 2016

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Publish date: Thu, 11 Aug 2016, 08:42 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 after Wall Street retreated from record highs with a fall in oil prices pressuring energy stocks.

The SPI is trading at 5485, down 3 points.

Locally, in economic news on Thursday, the Deloitte 2016 Media Consumer Survey is expected.

In equities news, Telstra, Sealink, Goodman Group and Magellan Financial Group are slated to post full-year results while, Optus is due to release a first- quarter update and James Hardie Industries holds its annual general meeting in Dublin.

Key Numbers

  • The SPI is trading at 5485, down 3 points
  • AUD +0.4% to 77.00 US cents
  • On Wall St, Dow -0.3%, S&P 500 -0.3%, Nasdaq -0.4%
  • In Europe, Stoxx 50 -0.4%, FTSE +0.2%, CAC -0.4%, DAX -0.4%
  • Spot gold +0.5% to $US1347.57 an ounce
  • Brent crude -1.7% to $US44.21 a barrel

What’s on today

RBNZ Policy Decision. Virgin Australia, Magellan Financial, Goodman Group, Telstra Results out today.

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

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