Australian Stock Report - Market Pulse

Morning market update 15 August, 2016

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Publish date: Mon, 15 Aug 2016, 10:03 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 lower after Wall Street ended last week with a lacklustre performance following tepid economic data.

The SPI is down 10 points to 5475.

Economic data showed that US retail sales growth was unexpectedly flat in July as people cut back on buying clothes and other goods, while the producer price index fell 0.4 per cent in July, the biggest drop in nearly a year.

Locally, no major economic news is expected today.

In equities news, National Australia Bank is slated to release its third quarter results, while Newcrest Mining, Aurizon, Ansell and JB Hi-Fi are among the companies due to post full-year results.

Key Numbers

  • The SPI is down 10 points to 5475.
  • AUD -0.6% to 76.46 US cents on Saturday morning
  • On Wall St, Dow -0.2%, S&P 500 -0.1%, Nasdaq +0.1%
  • In New York, BHP -1.8%, Rio -4.3%
  • In Europe, Stoxx 50 -0.1%, FTSE flat, CAC -0.1%, DAX -0.3%
  • Spot gold -0.2% to $US1335.97 an ounce
  • Brent crude +2% to $US46.97 a barrel

What’s on today

NZ Performance of Services Index is released. NAB, Ansell, Newcrest Mining, GPT Group, Aurizon, Orora, JB Hi-Fi are reporting today.

The post Morning market update 15 August, 2016 appeared first on Market Pulse.

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