Australian Stock Report - Market Pulse

Morning market update 30 August, 2016

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Publish date: Tue, 30 Aug 2016, 10:31 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 decent gains on Wall Street after Federal Reserve chair Janet Yellen said the case for an official US interest rate rise has strengthened.

The SPI is trading at 5450, up 20 points.

Locally, in economic news, the Australian Bureau of Statistics is due to release July building approval figures.

In equities news, Slater and Gordon and Ramsay Health Care are expected to post full-year results.

Key Numbers

  • The SPI is trading at 5450, up 20 points
  • AUD +0.1% to 75.68 US cents
  • On Wall St, Dow +06%, S&P 500 +0.5%, Nasdaq +0.3%
  • In New York, BHP +0.4%, Rio +0.5%
  • In Europe, Stoxx 50 -0.4%, FTSE closed, CAC -0.4%, DAX -0.4%
  • Spot gold +0.3% to $US1324.93 an ounce
  • Brent crude -1.2% to $US49.34 a barrel

What’s on today

Local data: Building approvals July, NZ building permits July

Local earnings: Ramsay Health Care, Atlas Iron, Sandfire Resources, Macquarie Atlas Roads

The post Morning market update 30 August, 2016 appeared first on Market Pulse.

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