Australian Stock Report - Market Pulse

Morning market update 23 August, 2016

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Publish date: Tue, 23 Aug 2016, 08:49 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 closed little changed as the fall in oil prices weighed on energy stocks and biotech stocks putting in a strong performance.

The SPI is trading at 5494, up 5 points.

Locally, in economic news, the ANZ-Roy Morgan weekly consumer confidence survey is due out.

In equities news, Ainsworth Game Technology, Greencross, Healthscope, Specialty Fashion Group, Vocus Communications and Virtus Health are expected to post full-year results.

Caltex Australia, Oil Search and oOH! Media are slated to release half-year figures.

Key Numbers

  • The SPI is trading at 5494, up 5 points
  • AUD flat at 76.31 US cents
  • On Wall St, Dow -0.1%, S&P 500 -0.1%, Nasdaq +0.1%
  • In Europe, Stoxx 50 -0.3%, FTSE -0.4%, CAC -0.2%, DAX -0.5%
  • Spot gold -0.2% to $US1338.25 an ounce
  • Brent crude -2.8% to $US49.47 a barrel

What’s on today

Scentre Group, Caltex, Oil Search, Monadelphous, McMillan Shakespeare, Ainsworth Game Technology, Adairs, Blackmores, Fisher & Paykel, Specialty Fashion, Healthscope, Greencross, Vocus Communications, Aconex, Virtus Health release their earnings results today.

The post Morning market update 23 August, 2016 appeared first on Market Pulse.

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