Australian Stock Report - Market Pulse
Morning Market Update, Updated 7 November 2016
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Publish date: Mon, 07 Nov 2016, 08:51 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.
Good Morning, Thomas King your Senior Research Analyst here with your First Look.
The Australian market looks set to open lower after the S&P 500 ended lower for a ninth straight day, the longest losing streak for the benchmark index in more than 35 years, as investors stayed on edge ahead of an uncertain US election.
The SPI is trading at 5128 down 24 points.
Locally, in economic news on Monday, the Australian Bureau of Statistics releases September livestock and meat statistics.
In equities news, Westpac releases its full-year results while Domino's Pizza holds its annual general meeting in Brisbane.
Key Numbers
– The SPI is trading at 5128 down 24 points
– AUD trading at 76.74 US cents on Saturday morning
– On Wall St, Dow -0.2%, S&P 500 -0.2%, Nasdaq -0.2%
– In New York, BHP -1.2%, Rio -1.8%
– In Europe, Stoxx 50 -0.6%, FTSE -1.4%, CAC -0.8%, DAX -0.7%
– Spot gold +0.2% to $US1305.06 an ounce on Friday in New York
– Brent crude -1.7% to $US45.58 a barrel on Friday in New York
– LME aluminium -0.5 per cent at $US1722 a tonne on Friday in London
What’s on today
AiG Performance of construction October, ANZ job ads October
The post Morning Market Update, Updated 7 November 2016 appeared first on Market Pulse.
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