Australian Stock Report - Market Pulse

Morning market update 31 August, 2016

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Publish date: Wed, 31 Aug 2016, 09:43 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 following falls on Wall Street, which was weighed down by Apple after antitrust regulators ordered it pay about $A19 billion in back taxes to Ireland.

The SPI was up 8 points, trading at 5467.

Locally, no major economic news is expected on Wednesday.

In equities news, Harvey Norman and Catapult are expected to post full-year results.

Key Numbers

  • The SPI was up 8 points, trading at 5467
  • AUD -0.8% to 75.04 US cents
  • On Wall St, Dow -0.3%, S&P 500 -0.2%, Nasdaq -0.2%
  • In New York, BHP -2.2%, Rio -3.4%, Apple -0.8%
  • In Europe, Stoxx 50 +1.1%, FTSE -0.3%, CAC 0.8%, DAX +1.1%
  • Spot gold -0.8% to $US1313.20 an ounce
  • Brent crude -1.8% to $US48.39 a barrel

What’s on today

Local data: Private sector credit July, RBA’s Debelle speaks at 11am, NZ ANZ business confidence August

Local earnings: Adelaide Brighton, Independence Group, Bank of Queensland, Harvey Norman

The post Morning market update 31 August, 2016 appeared first on Market Pulse.

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