Australian Stock Report - Market Pulse

Morning Market Update, Updated 23 December 2016

Publish date: Fri, 23 Dec 2016, 09:31 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 Australian share market is likely to open slightly weaker later this morning, with global markets retreating overnight.

SPI futures are down seven points (-0.1%), at 5604.

In US afternoon trade, stocks pulled back as a pos-telection rally eased heading into the holidays.

The Dow Jones Industrial Average was down 44 points (-0.2%) to 19898. The S&P 500 declined 0.3% and the Nasdaq lost 0.6%.

Europe equities drifted. London managed a small gain at the close, Paris ended flat and Frankfurt finished the day slightly down.

Key trades

  • SPI down seven points at 5604
  • AUD at US72.46¢
  • Dow Jones -0.1%; S&P500 -0.1%; Nasdaq -0.1%
  • FTSE100 flat, CAC -0.3%, DAX flat
  • Spot gold -0.1% at $US1131.71 an ounce
  • Brent oil -1.7% at $US54.40 a barrel
  • Iron ore -0.5% at $US79.19 a tonne

The post Morning Market Update, Updated 23 December 2016 appeared first on Market Pulse.

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