Australian Stock Report - Market Pulse

Morning market update 21 September, 2016

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Publish date: Wed, 21 Sep 2016, 09:59 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 slightly lower after Wall Street closed little changed ahead of interest rate decisions from the Federal Reserve and the Bank of Japan.

The SPI is trading down 8 points, at 5283.

Locally, in economic news, the Reserve Bank of Australia's Economic Analysis Department head Alexandra Heath is slated to speak at the Future Skills CEDA Conference in Brisbane.

The Westpac-Melbourne Institute Leading Indexes of Economic Activity is due out.

In equities news, Kathmandu is expected to post full-year results while BHP Billiton is slated to release its annual report.

Key Numbers

  • The SPI is trading down 8 points, at 5283
  • AUD +0.3% to 75.52 US cents
  • On Wall St, Dow flat, S&P flat, Nasdaq +0.1%
  • In New York, BHP +1.9%, Rio +0.4%
  • In Europe, Stoxx 50 -0.1%, FTSE +0.3%, CAC -0.1%, DAX +0.2%
  • Spot gold +0.1% to $US1314.26 an ounce
  • Brent crude -1% to $US45.51 a barrel
  • Iron ore +0.2 per cent to $US55.77 a tonne
  • LME aluminium -0.4 per cent to $US1577 a tonne

What’s on today

WBC leading index August

The post Morning market update 21 September, 2016 appeared first on Market Pulse.

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