Australian Stock Report - Market Pulse
Morning Market Update, Updated 1 December 2016
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Publish date: Thu, 01 Dec 2016, 08:41 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 team, Chris Conway your Head of Research here with your First Look.
The Aussie market is poised to open higher later this morning, with Wall Street mixed but European stocks lifting to a three-week high amid rising oil prices.
SPI futures are up 18 points, at 5460.
In local economic news today, the Reserve Bank of Australia releases the index of commodity prices while the Australian Bureau of Statistics' September quarter private new capital expenditure and expected expenditure is due out.
The Australian Industry Group performance of manufacturing (PMI) index for November is due out.
In equities news, Nufarm has its annual general meeting in Melbourne. In Australia, the market on Wednesday closed lower thanks to steep falls across the mining and energy sectors.
Key trades
- SPI up 18 points at 5460
- AUD at US73.93¢
- Dow Jones +0.4%; S&P500 +0.2%; Nasdaq -0.6%
- FTSE100 +0.2%, CAC +0.6%, DAX +0.2%
- Spot gold -1.1% at $US1174.81 an ounce
- Brent oil +8.3% at $US50.24 a barrel
- Iron ore -6.8% at $US72.08 a tonne
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