Australian Stock Report - Market Pulse
Morning Market Update, Updated 28 November 2016
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Publish date: Mon, 28 Nov 2016, 08:56 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 modestly higher later this morning after Wall Street’s three main indices closed at record highs on Friday night, helped by hunters for bargains in a post-election rally.
The SPI is up four points, at 5518.
In local economic news today, the Australian Bureau of Statistics is due to release Setember quarter mineral and petroleum exploration data.
No major equities news is expected on Monday.
Key trades
- SPI up four, at 5518
- AUD at US74.43¢
- Dow Jones +0.4%; S&P500 +0.4%; Nasdaq +0.3%
- FTSE100 +0.2%, CAC +0.2%, DAX +0.1%
- Spot gold Flat at $US1183.90 an ounce
- Brent oil -3.6% at $US47.24 a barrel
- Iron ore +3.5% at $US79.61 a tonne
The post Morning Market Update, Updated 28 November 2016 appeared first on Market Pulse.
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