Australian Stock Report - Market Pulse
Morning market update 12 August, 2016
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Publish date: Fri, 12 Aug 2016, 08:44 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 Wall Street once again found record highs, helped by encouraging corporate reports and a surge in oil prices.
The SPI is up 34 points at 5498.
Oil prices lifted four per cent on comments from Saudi Arabia's oil minister and a forecast for a tighter crude market, while US labour data showed a drop in jobless claims.
Shares of department store operators Macy's and Kohls soared after their quarterly reports.
Key Numbers
- The SPI is up 34 points at 5498
- AUD flat at 77.01 US cents
- On Wall St, Dow +0.7%, S&P 500 +0.6%, Nasdaq +0.5%
- In Europe, Stoxx 50 +1%, FTSE +0.7%, CAC +1.2%, DAX +0.9%
- Spot gold -0.4% to $US1341.15 an ounce
- Brent crude +4.2% to $US45.89 a barrel
- Iron ore at $US59.36 a tonne
What’s On Today
No Local News
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