Australian Stock Report - Market Pulse

Morning market update 16 August, 2016

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Publish date: Tue, 16 Aug 2016, 10:12 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 all three major US stocks indexes ended at all-time highs, extending their record-setting climb of the past few weeks.

The SPI is trading at 5502, up 7 points.

Locally, in economic news on Tuesday, the Reserve Bank releases the minutes of its August board meeting, Minutes of Reserve Bank of Australia monthly board meeting, the Australian Bureau of Statistics' new motor vehicles sales figures for July is due out, as is the ANZ-Roy Morgan weekly consumer confidence survey.

In equities news, BHP Billiton, Domino's Pizza, Mirvac, Challenger and Bradken are slated to post results.

Key Numbers

  • The SPI is trading at 5502, up 7 points
  • AUD +0.3% to 76.71 US cents
  • On Wall St, Dow +0.3%, S&P 500 +0.3%, Nasdaq +0.6%
  • In Europe, Stoxx 50 flat, FTSE +0.4%, CAC flat, DAX +0.2%
  • Spot gold +0.4% to $US1340.80 an ounce
  • Brent crude +2.5% to $US48.16 a barrel
  • Iron ore -0.25 per cent to $US60.22 a tonne

What’s on today

Reserve Bank of Australia minutes and New Motor Vehicle sales (July). James Hardie, Challenger, InvoCare, BHP Billiton, Mirvac Group, Scentre Group, Shopping Centres Australasia, Domino’s Pizza Full year results.

The post Morning market update 16 August, 2016 appeared first on Market Pulse.

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