Australian Stock Report - Market Pulse
Morning Market Update, Updated 21 November 2016
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Publish date: Mon, 21 Nov 2016, 10:14 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 here with your First Look.
The Australian market looks set to open slightly higher later this morning, despite a negative lead from Wall Street and European stocks.
The share price index is up 11 points, at 5373.
US stocks fell on Friday, as traders cashed in on a post-election rally and waited for clarity on the next administration's policies.
No major economic news is expected today.
In equities news, Newcrest Mining has an investor day in Sydney, while Baby Bunting holds its annual general meeting.
Key trades
- SPI up 11 points at 5373
- AUD at US73.30¢
- Dow Jones -0.2%; S&P500 -0.2%; Nasdaq -0.2%
- FTSE100 -0.3%, CAC -0.5%, DAX -0.2%
- Spot gold -0.7% at $US1207.93 an ounce
- Brent oil +0.8% at $US46.86 a barrel
- Iron ore -1.0% at $US72.79 a tonne
The post Morning Market Update, Updated 21 November 2016 appeared first on Market Pulse.
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