Australian Stock Report - Market Pulse
Morning market update 6 September, 2016
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Publish date: Tue, 06 Sep 2016, 11:53 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 ahead of the Reserve Bank's interest rate meeting later in the day.
The SPI is trading down 19 points at 5399.
Locally, in economic news, the Reserve Bank of Australia holds its monthly board meeting and decides whether or not to alter its official interest rate.
The Australian Bureau of Statistics releases the Balance of Payments and International Investment Position and government finance statistics, both for the June quarter.
The Dun and Bradstreet business expectations survey is also due out. No major equities news is expected.
Key Numbers
- The SPI is trading down 19 points at 5399
- AUD +0.2% to 75.81 US cents
- Wall Street is closed for a holiday
- In Europe, Stoxx 50 flat, FTSE -0.2%, CAC flat, DAX -0.1%
- Spot gold +0.1% to $US1327.01 an ounce
- Brent crude +1.7% to $US47.63 a barrel
- What’s on today
Balance of payments 2Q, RBA rate decision; NZ house prices Aug
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