Good Morning, Thomas King your Senior Research Analyst here with your First Look.

The Australian market looks set to open lower after international markets fell with investors focusing on President-elect Donald Trump’s likely policies and their economic impact.

The SPI is trading at 5344, down 13 points.

Investors believe the 45th president’s policies will include lower tax rates and more infrastructure spending to grow the economy, but at the expense of a wider fiscal deficit and inflation..

Since Tuesday’s election, banks and pharmaceuticals equities have benefited with likely less regulation under a Trump administration, while more protectionist trade policies could hit technology stocks with disruption to global supply, along with anti-trust measures.

Locally, in economic news on Monday, the Australian Bureau of Statistics releases September lending finance data, as well as livestock figures.

In equities news, Elders releases full-year results while Harvery Norman holds its annual general meeting in Sydney.

Key Numbers

– The SPI is trading at 5344, down 13 points

– AUD is down 0.9 per cent to US75.44¢

– On Wall St, Dow +0.2%, S&P -0.1 per cent, Nasdaq +0.5%

– In Europe, Stoxx 50 -0.5%, FTSE 100 -1.4%, CAC 40 -0.9%, DAX +0.4%

– Spot gold -2.4% to $US1227.9 an ounce

– Brent crude -2.4% to $US44.75 a barrel

– Iron ore +7.7% to $US79.81 a tonne

The post Morning Market Update, Updated 14 November 2016 appeared first on Market Pulse.