Australian Stock Report - Market Pulse

Morning market update 9 September, 2016

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Publish date: Fri, 09 Sep 2016, 11:07 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 was dragged down by a fall in Apple share, although the decline was limited by gains in energy shares.

The SPI is trading at 5352, down 14 points.

Investors appeared unimpressed by Apple’s new iPhone 7. The tech giant’s shares fell 2.6 per cent to $105.52, its biggest daily percentage decline since the Brexit vote on June 24 and prompting the Nasdaq to break a four-day streak of gains.

Locally, in economic news on Friday, the Australian Bureau of Statistics is due to release housing finance data as well as overseas arrivals and departures figures, both for July.

No major equities news is expected.

Key Numbers

  • The SPI is trading at 5352, down 14 points
  • AUD -0.4% to 76.40 US cents
  • On Wall St, Dow -0.2%, S&P 500 -0.2%, Nasdaq -0.4%
  • In Europe, Stoxx 50 -0.3%, FTSE +0.2%, CAC -0.3%, DAX -0.7%
  • Spot gold -0.6% to $US1337.23 an ounce
  • Brent crude +3.9% to $US49.86 a barrel
  • Iron ore -0.5% to $US58.14 a tonne
  • What’s on today

Housing finance July

The post Morning market update 9 September, 2016 appeared first on Market Pulse.

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