Australian Stock Report - Market Pulse
Morning Market Update, Updated 10 November 2016
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Publish date: Thu, 10 Nov 2016, 09:08 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. Chris Conway your Head of Research with your First Look.
The Australian market looks set to open sharply higher later this morning, after closing almost 2% lower following the shock election of Republican Donald Trump as the next US president.
The share price index is up 157 points (3%+) at 5307.
On Wednesday afternoon the local market plunged, as did major markets around the world, and lost $35 billion as it became clear Republican Donald Trump was set to win the race for the While House against Democrat Hillary Clinton. Locally, in economic news on Thursday, the Australian Bureau of Statistics releases September housing finance figures.
In equities news, Westfield Corporation is expected to give a third-quarter update while SingTel Optus is slated to release second quarter results. Meanwhile, Wesfarmers, BlueScope Steel and Treasurey Wine Estates have their annual general meetings.
Suncorp chief financial officer Steve Johnston is slated to speak at a business lunch in Sydney.
Key numbers
- SPI up 157 points at 5307
- AUD at US76.34¢
- Dow Jones +1.2%; S&P500 +0.8%; Nasdaq +0.8%
- FTSE100 +1.0%, CAC +1.5%, DAX +1.6%
- Spot gold -0.1% at $US1274.15 an ounce
- Brent oil +0.7% at $US46.38 a barrel
- Iron ore +3.9% at $US70.98 a tonne
The post Morning Market Update, Updated 10 November 2016 appeared first on Market Pulse.
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