Australian Stock Report - Market Pulse

Morning market update 25 August, 2016

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Publish date: Thu, 25 Aug 2016, 10:56 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 retreated, pulled lower by materials and health care sectors weakness and amid nervousness over a possible upcoming interest rate rise.

The SPI is trading down 10 points, at 5533.

Locally, in economic news, The Australian Bureau of Statistics releases Labour Force figures for July, along with Assets and Liabilities of Australian Securities for the three months to June and the private new capital expenditure and expected expenditure for the same quarter.

In equities news, the Nine Network, Flight Centre, Woolworths, David Jones, Amcor, South32, Southern Cross Media, The Retail Food Group, Sims Metal Management and Mortgage Choice are among the companies expected to release full- year results.

Key Numbers

  • The SPI is trading down 10 points, at 5533
  • AUD -0.1% to 76.04 US cents
  • On Wall St, Dow -0.4%, S&P 500 -0.5%, Nasdaq -0.8%
  • In Europe, Stoxx 50 +0.5%, FTSE -0.5%, CAC +0.3%, DAX +0.3%
  • Spot gold -1% to $US1324.40 an ounce
  • Brent crude -1.9% to $US49.03 a barrel

What’s on today

Local data: Private capital expenditures Q2

Local earnings: Retail Food Group, Eclipx Group, Perpetual, Sims Metal, Alumina, Iluka Resources, South32, Western Areas, Saracen Minerals, Breville Group, Woolworths, Nine Entertainment Co, MYOB, Platinum Asset Management, Southern Cross Media, Village Roadshow, Flight Centre, Amcor, Cromwell Property, Asaleo Care

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