Australian Stock Report - Market Pulse
Morning market update 12 September, 2016
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Publish date: Mon, 12 Sep 2016, 10:57 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 almost 1.5 per cent lower after Wall Street plunged more than two per cent and the S&P 500 suffered its worst day since June.
The SPI is trading down 80 points, at 5247.
US stocks fell amid increased investor nervousness following a nuclear test by North Korea and after Federal Reserve comments raised expectations the central bank may lift its key interest rate
Locally, in economic news on Monday, the Australian Bureau of Statistics is slated to release July lending finance figures.
No major equities news is expected.
Key Numbers
- The SPI is trading down 80 points, at 5247
- AUD -1.4% to US74.40¢
- On Wall St, Dow 2.13%, S&P500 -2.45%, Nasdaq -2.54%
- In Europe, Stoxx 50 -1.04%, FTSE 1.19%, CAC -1.12%, DAX -0.95%
- Spot gold -0.77% to $US1327.93 an ounce on Sunday afternoon in Sydney
- Brent crude -3.16% to $US48.01 a barrel on Sunday afternoon in Sydney
- Iron ore -0.62% to $US57.78 a tonne on Sunday afternoon in Sydney
What’s on today
US Fed Governor Brainard speech, NAB Business confidence
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