Australian Stock Report - Market Pulse

Morning market update 7 September, 2016

marketpulse
Publish date: Wed, 07 Sep 2016, 09:59 AM
marketpulse
0 1,810
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 closed slightly higher after US data renewed expectation the Federal Reserve may not to lift its key interest rate in the near future.

The SPI is trading down 10 points at 5396.

Locally, in economic news, the Bureau of Statistics releases the national accounts, including gross domestic product data, for the June quarter and international trade in goods and services for July.

The Australian Industry Group/Housing Industry Association is expected to release its performance of construction index for August.

In equities news, AGL chief executive Andy Vesey is slated to speak at a CEDA event in Brisbane.

Key Numbers

  • The SPI is trading down 10 points at 5396
  • AUD +1.4% to 76.84 US cents
  • On Wall St, Dow +0.3%, S&P 500 +0.3%, Nasdaq +0.5%
  • In New York, BHP +3.2%, Rio +1.5%, Atlassian +1.1%
  • In Europe, Stoxx 50 -0.2%, FTSE -0.8%, CAC -0.2%, DAX +0.1%
  • Spot gold +1.7% to $US1349.45 an ounce
  • Brent crude -0.9% to $US47.22 a barrel
  • Iron ore -0.1% to $US59.16 a tonne

What’s on today

AiG performance of construction Aug, GDP 2Q

The post Morning market update 7 September, 2016 appeared first on Market Pulse.

Discussions
Be the first to like this. Showing 0 of 0 comments

Post a Comment